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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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FHA Loans
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 borrowers 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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FHA Loans are available from Somerset Mortgage Lenders
for people with bad credit
in the following states:
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CA
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GA
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MD
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MT
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NM
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RI
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TX
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CO
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HI
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ME
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NC
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NY
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SC
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VA
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CT
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IN
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MI
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NH
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OR
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TN
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WI
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FL
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MA
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MN
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NJ
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PA
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Return to our fha loans page
Bad Credit? We can help!
Call for COMPLETE details NOW!
(800) 675-9783
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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