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Allegany, NY FHA Loans in New York

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 Allegany, NY 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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Allegany, New York News
Audit details water chief's $14,000 spending spree

Portage's water plant superintendent abruptly quit after an investigation revealed he spent thousands in authority funds on pricey trips, a baby stroller, zoo tickets and other items.


Second meeting today on regional water authority

A second meeting to discuss the creation of a regional water and sewer authority will be held Tuesday in the John J. Ash Community Center on North Barry Street.


Roads, sewer systems in line for funds

Hundreds of area projects to improve roads, schools, sewer systems and parks would be fast-tracked if the state succeeds in snaring enormous sums of money from a proposed federal economic recovery plan, Gov.


New Year's Eve Snow and Wind

The Winter Weather Advisory for the Twin Tiers has expired. This afternoon a Lake Effect Snow Advisory has been issued for Tompkins and Allegany Counties.


Dog on ice float is still missing

The Cattaraugus County SPCA is looking for a dog that was rescued from the Allegheny River on Christmas Day.


Weather extremes

Recent weather changes from one extreme to another - causing ice to pile up in points along the Allegheny River - have not yet caused emergency officials to be worried about flooding.


Outside furnaces and boilers banned for 6 months

Residents looking to switch their home-heating source to an outdoor wood-burning furnace have to reconsider their options.


Father, 2 children escape house fire

Area firemen fight a fire early Sunday that destroyed a home in the town of Carrollton, leaving a family of four homeless.


Talks focus on sharing water, sewer services

The topic of shared water and sewer services surfaced again in talks Wednesday among officials from the City of Olean, the Town and Village of Allegany and St.


Local man among 11 arraigned in ill.....

United States Attorney Terrance P. Flynn announced the arraignments on the indictments of 11 defendants, from New York, Pennsylvania, West Virginia and Ohio.


Board wants to look before it leaps on wind-energy project

The Allegany Town Planning board chose 12 different viewpoints Monday night for a visual analysis on a proposed wind-energy project in the Chipmonk Ridge area.


Blaze destroys two homes in city of Olean

Firefighters believe two young children perished in a fire that engulfed 119 S. Second St.


Judge to hear suppression motion in slaying of girl, 3

Cattaraugus County Judge Larry M. Himelein is to hear a motion for a show-cause order today regarding the suppression of evidence in the homicide of a 3-yearold girl in her home March 21.


Olean man found guilty of assault along river

Following a weeklong trial in Cattaraugus County Court an Olean man was convicted by a jury Friday of assaulting and stabbing a man last February in Olean.


Friendship man accused of lying about abduction

A Friendship man is accused of falsely telling police he was abducted at the Home Depot in Allegany on Sept.


Building sought to store sand, salt

Cattaraugus County, the city of Olean and town and village of Allegany are submitting an application to New York state for a joint $660,000 salt/sand storage facility.


RTS for Saturday, November 29, 2008

BIRD REPORTS: When Harold and Sara Whitney were shoveling a path in the snow Monday they were startled by an unexpected sound: Their dogs flushed a woodcock.


Investigators try to determine cause of fire at Echo Lanes

Fire investigators are working to determine the cause of a fire that gutted the recently re-opened Echo Lanes Bowling center late Friday night.


City, town tax rates announced for '09

The Cattaraugus County Legislature has announced city and town tax rates in support of the recently adopted $203.9 million spending plan for 2009.


Spending up by $9 million in plan OK'd by legislators

Cattaraugus County legislators voted without fanfare Wednesday to adopt a $203.9 million spending plan for 2009, making only one bookkeeping adjustment that had no effect on the $44,788,000 tax levy.


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