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Austinville, VA FHA Loans in Virginia
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 Austinville, VA 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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| Austinville, Virginia News |
Carroll teen dies in wreck
An 18-year-old Austinville woman was killed during a single-vehicle accident in the Laurel community of Carroll County on Sept.
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Project Linus gives children security blanket
Sisters, Vatress Williams and Caroline Byrd are readying afghans and blankets for pick-up, to be delivered to TCRH, for children there who are sick, having surgery, or otherwise in need of comfort and security.
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Virginia Firefighters Battle Structure Fire
Around 10:00 pm on August 19th, 911 received a call from a neighbor next to a house at 6582 Popular Camp road in Austinville saying that there was a lot of smoke coming out from the home.
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Water line project needs to get started
Bypass brings changes to Hillsville traffic Howlett Street in Hillsville is closed due to work on the U.S. 58 bypass.
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VDOT closes Carroll Co. road for bridge repairs, frustrates community members
"They still stop and say I'm saving them so much." Click here to read letter. Frustrations run high for community members as they wait for VDOT to re-open a small portion of route 743 in Austinville. via WSLS-TV Roanoke
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Carroll starts budget planning with $1.3 million deficit
"The action to pass the 2007 budget for Carroll County included $1.3 million from the fund balance. This action is costing the 2008 budget approximately 5.71 cents." Carroll starts budget planning with $1.3 million deficit HILLSVILLE - ' The Carroll supervisors started their 2008-2009 budget planning process with a $1.3 million hole that will be difficult to dig out of. via Galax Gazette
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Community news: Wythe County man cares out a hobby
"It's just so many steps and you can mess up in so many steps and then you just have to throw it away." Dickie Patterson wanted a bulldozer. So he built one. Then he decided he might as well build a fire truck, train, school bus, Hummer and dump truck, too. via WSLS
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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