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Arroyo Hondo, NM FHA Loans in New Mexico

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 Arroyo Hondo, NM 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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Arroyo Hondo, New Mexico News
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The Taos Municipal School District gave new life to residents of Talpa and Arroyo Hondo Wednesday as it unanimously agreed to transfer former school properties into the care of Taos County for renovation into ...


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Early voting seems to have eliminated long waits at the polls in Taos County. A poll worker at the Arroyo Hondo Community Center, the county's largest precinct, said nearly 68 percent of the 1,922 registered in ...


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"Lord, make me an instrument of your peace. Where there is hatred let me sow love.


Turn left at the sleeping mammoth

A new book by Jason S. Shapiro offers a readable account of Santa Fe's archaeological history, beginning with nomadic hunters in the Paleoindian Period 12,000 years ago and ending with the town's founding in ...


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The Municipal School Bond Election is tomorrow Tuesday, September 23rd. The Taos County Chamber of Commerce Board of Directors voted unanimously to support this bond, and encourages you to vote YES.


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Once his house in Arroyo Hondo is finished, Frank Oatman and his partner Jon Wood will be able to heat their new home with a hair dryer.


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