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Afton, TN FHA Loans in Tennessee
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 Afton, TN 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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| Afton, Tennessee News |
Afton Teen, 18, Dies After Car Strikes A Tree
An 18-year-old Greene Countian, Robert Shane Good, of 3475 Kingsport Highway, was fatally injured Friday morning in a vehicular accident in Washington County.
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4 Motorcycle Accidents Reported Over Weekend
Four separate accidents involving motorcycles have been reported since Friday, local authorities have reported.
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Motorcyclist Hurt In 11E Wreck
A motorcyclist from Jonesborough was taken to Laughlin Memorial Hospital after a Friday afternoon traffic accident on the East Andrew Johnson Highway here.
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County Committee Studies Building Code
The Greene County Commission's Building Code Committee on Wednesday discussed, but took no action on, a proposed building code for adoption by the county.
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Two Injured In Head-On Collision
Two people were injured about 11:30 p.m. on Friday in a head-on collision along Houston Valley Road about two miles west of Tarlton Circle.
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Injured Afton Woman Is 'Stable' After Crash
An Afton woman who was injured in a Wednesday afternoon two-car accident on the Erwin Highway at Williamson Road remained in stable condition at the Johnson City Medical Center this morning.
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School Bus Driver Cited In Fatal Crash
A Greene County school bus driver has been cited for failure to yield the right of way in a fatal collision with a compact car on fog-shrouded U.S. 11E at Chuckey Ruritan Road on Monday morning.
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Delivering Produce on Wheels
"Why don't you have a farmers' market on wheels?" Like a little red barn on wheels, the Mobile Farmers' Market rumbles into the parking lot of Plaza Towers, a rent-controlled apartment building for senior citizens in Greeneville, Tenn. via American Profile
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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