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Milford, CT FHA Loans in Connecticut

FHA loans differ from conventional loans in a number of ways. The down payment required for an FHA-insured loan is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.

 

FHA loans offer Milford, CT residents several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3-5%. The FHA is also more flexible in calculating factors to determine whether or not to approve the loan, factors such as household income and repayment ratios.

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Milford, Connecticut News
Milford aims to turn fishing spot into a park

City officials hope they've struck a compromise that will allow access to a spit of city land behind Caswell Cove and allow residents there to have peace and quiet in their condominiums.


Milford skate park to be run by city

The city-owned skate park at Washington Field is likely to become city-run too, when it reopens this spring.


A building that's Taylor-made of Milford history

Henry Augustus Taylor liked to name things for himself and his family. There's the former Taylor Library at 5 Broad St., now the offices of the Milford Chamber of Commerce.


Search for dog that escaped Milford vet

A search is under way for a dog that escaped the care of its Veterinarian in Milford.


Milford's New Year has historic ring

It will never rival the ball dropping in Times Square or the old Guy Lombardo Orchestra as symbols of New Year's Eve, but a re-enactment of the abandonment by the British of more than 200 desperately ill ...


Clean contracting, hospice coverage among new laws

Key provisions of a state contracting reform law and mandated Medicaid coverage for hospice services are among a handful of new laws that took effect on Thursday.


Whether paddling or pedaling,Milford man relished outdoors?

Richard Kudola loved the outdoors. "One of his favorite things in life was when he canoed the Connecticut River from the Canadian border down to Old Saybrook," said Kudola's wife of five years, JoAnn.


New life brewing in Milford's Walnut Beach

There is a lot brewing at the Walnut Beach Cafe, the first of eight retail spaces in the new Beach Shore Village condominium complex set to open.


Milford may tap into hydro power

For Rich Conine, it's more than water under the bridge. The owner of the Stonebridge has been eyeing the waterfall behind his Daniel Street restaurant with thoughts of how much electricity it could generate.


Another arrest in Milford brawl

A local man who police say bought the beer at a keg party that turned into a brawl last summer has been arrested.


Vacant Milford office to house bank

A bank based in Westchester County, N.Y., will continue its push east, opening a branch at 54 Broad St.


Welcome to the new edition of the Milford-Orange Bulletin

With today's editions, the Shore Line Times and Elm City weekly newspaper group is being reinvented.


It's last call at longtime Milford tavern

Patrons and staff at the Red Arrow Cafe, believed by many to be the oldest bar in Milford, will be ringing out more than the old year Wednesday night.


Cops seek witnesses in Milford carjacking

The Police Department is seeking information from the public about an alleged carjacking that occurred on Boston Post Road Sunday afternoon.


Plans mapped for Milford historic markers

The next two historic markers to be erected here are likely to go in front of the 1750 John Downs House on North Street and the site of the Clark Tavern, which once hosted George Washington.


Not Guilty Pleas Entered for Police Chief and Gun Club in UZI Shooting Death

Attorneys for Pelham Police Chief Edward Fleury and the Westfield Sportsman's Club have entered not guilty pleas in Hampden Superior Court Monday to charges stemming from the accidental shooting death of an ...


Milford makes personnel changes, names new attorney?

Mayor James L. Richetelli Jr. said the word for the day Tuesday was "change" and he wasn't kidding.


Police seek help in finding Christmas grinch

Milford police are seeking the publica s help in finding a Christmas grinch who was caught on surveillance tape stealing raffle items from Milford Hospital on Thursday, Dec.


Milford man arrested in Shelton robbery

Police have arrested the second of what they believe are the three men responsible for the Sept.


Hudson Valley Bank to Open Branch in Milford, CT

James J. Landy, President & CEO of Hudson Valley Bank, has announced that the Bank received approval from the Office of the Comptroller of the Currency to open a branch in Milford, CT.


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