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Alamance, NC FHA Loans in North Carolina

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 Alamance, NC 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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Alamance, North Carolina News
The Alamance Scene: Centrail Daylily Club meets

The Board of Directors of the Alamance Partnership for Children will meet from noon to 2 p.m. Jan.


The Alamance Scene: Martin Luther King birthday event

The AT&T/Lucent Golden Nuggets will meet at 11:30 am Thursday at Burlington Diner.


Alamance-Caswell-Rockingham LME receives 2008 Excellence Award

The Alamance-Caswell-Rockingham LME was recently recognized with a Programs of Excellence Award for Prevention, Outreach and Wellness for their Healthy Alamance Smoke Free Restaurant Campaign.


The Alamance Scene: Smart Cookies meet at Women's Resource Center

The Burlington Breast Cancer Support Group will meet this evening from 7 to 8 in the Norville Breast Care Center at ARMC.


Send me your suggestions, criticisms

The year 2008 is almost at an end. It was a year of record high fuel costs and sobering economic news.


Massey wants to stay the course in 2009

During his campaign, President-elect Barack Obama promised to make big changes in spending, the war in Iraq and health care, among other things.


Alamance-Caswell-Rockingham LME receives 2008 Excellence Award

Health insurance means well children A hot topic in the news lately has been health insurance for Americans.


More of this story

Like so many other young people, Paul Kearns did what was expected of him when he graduated from high school: He went to college.


S. Alamance sets Tony Perrou Memorial Games

The Elon School and Southern Alamance will meet in a girls' and boys' basketball doubleheader Tuesday night in the first Tony Perrou Memorial games at Southern Alamance.


Alamance Death Investigation

Alamance County investigators hope an autopsy will tell them how a 24-year- old mother died.


String of Gibsonville break-ins solved

Gibsonville police charged three people in connection to eight break-ins that took place in Gibsonville since September.


School cuts will affect textbooks, computers and training

The Alamance-Burlington School System has a plan to meet the requirement that it give back $893,430 in state funding.


Going homeless after school

Michele Grondy was in her office at Hawfields Middle School when she got an e-mail about the growing number of homeless students in the Alamance-Burlington School System.


Help a local senior through Christmas Cheer

When most people think of Christmas Cheer, the Alamance County charity that helps families over the holidays, they think of families with young children.


Alamance County Students Give Special Gifts to Classmates

Games, bikes, dolls; the toys always top Santa's list. But this Christmas, instead of thinking about themselves, a group of Alamance County students are giving to their less fortunate classmates.


Brits with silencers in pack held for weeks in NC

Two Britons are back home after spending nearly a month in North Carolina jails over two silencers they said they brought into the country as a gift for a hunting buddy.


The Alamance Scene: Live nativities

Lakeview Community Church, 101 Boone Road, Burlington, from 7 to 8:30 each evening, Dec.


Us & Downs: Saving money, saving land, and saving Christmas for tots

THUMB'S UP to some good news for a change when it comes to government spending. According to new estimates, the costs for restoration work planned for the old county courthouse in Graham will not only come in ...


Love Enough to Share makes difference for Arc of Alamance

All Tammy wants for Christmas is a purse. And a comforter for a twin bed. Tammy, 39, is a client of the Arc of Alamance County, which provides services for clients with mental retardation and other ...


Farmland protection catching on in NC

RALEIGH With North Carolina's population growing rapidly, counties are taking steps to make sure they balance development with protecting natural resources and farmland.


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