FHA Loans
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 borrowers 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.
Return to fha loans in the state of CO
| Snyder, Colorado News |
Really big Colorado shows set for a bang-up holiday
Terry Riley, a specialist in pyrotechnics, prepares a 12-inch-diameter shell and a 7-foot-tall tube for fireworks at Bandimere Speedway.
|
Community briefs - June 25
Valley View Ag 4-H Club will be having a car wash in the parking lot of Superior Livestock, 1155 N. Colorado Ave.
|
Francis Xavier
Francis Xavier passed away Saturday, June 13, 2009, at the Kindred Hospital in Denver, Colorado.
|
Community briefs - June 22
The Brush Rodeo Queen Alumni Association is sponsoring the Brush Rodeo Little Princess Rides to be held Thursday, July 2, at 5 p.m. The princess rides will be conducted during the annual Brush Rodeo barbecue at the Morgan County Fairgrounds.
|
June Jubilee to benefit Caring Ministries
Caring Ministries of Morgan County will host a June Jubilee fundraising event filled with food, fun activities and entertainment on Saturday.
|
God Rally returns to Garfield County Fairgrounds this weekend
Friday, June 19 6 p.m. Gates open 7 p.m. Public address and announcements 7:15 p.m. Festival opening prayer 7:30 p.m. Blue Eyes Soul 8:30 p.m. Everfound 9:30 p.m. Building 429 10:30 p.m. SPC on Indoor arena stage Saturday, June 20 10 a.m. Opening Prayer 10:15 a.m. Sharon Turner 10:45 a.m. Time in Between 11:30 a.m. Quincy Snyder Testimony 11:45 ...
|
New Jimmy's Pizza offers variety on menu
Sheila Beach opened her own franchise of Jimmya TMs Pizza at 301 Edison St. in Brush and will deliver to Brush, Hillrose, Snyder and Fort Morgan.
|
Program adds art to city's streets
Jan Alan Moore's 'Moses at Mount Nebo' is on display at 11th Avenue and 8th Street.
|
The Last Supper: A fiction serial
Julia had just found out that she had a fibroid growing on her uterus. Not in the organ but on it, said the doctor.
|
Brush Police Department
Anthony Cordova, 32, Brush, contacted for a traffic violation at Lincoln and Edmunds on April 23 at 9:40 a.m. Summons issued for DUR.
|
9Health Fair-goers brave cold, windy day
Karen Chabot of Snyder, left, undergoes blood testing by Brenda Swopes of East Morgan County Hospital during Saturdaya s 9Health Fair.
|
In the courts - County court April 8
Defendants appearing in Morgan County Court, paying penalty assessments or assessed default judgments and charges: Craig M. Lippitt, 20, Wiggins, $76 for disorderly conduct.
|
In the courts - Brush city court April 4
Defendants appearing in Brush Municipal Court, paying penalty assessments or assessed default judgments and charges: Mary Jane Arenivar, 33, Brush, $45 for failing to stop for stop sign.
|
Presenters highlight careers in writing
Fort Morgan High School student Jose Paredes reads a sample of his writing as Brush writer Gary Hodgson looks on during the Morgan County High School Writers Seminar last week.
|
In the courts - Brush city court Feb. 23
Defendants appearing in Brush Municipal Court, paying penalty assessments or assessed default judgments and charges: James Mora, 27, Brush, $30 for sidewalk not free of ice, snow, etc.
|
Zandra Rhodes catches up with friends
A celebrity visits? Count on me to find the local connection. Or two. When Zandra Rhodes, here to oversee the costumes and sets that she "Zandra-fied" for Opera Colorado's production of "The Pearl Fishers," ...
|
India Children's Choir to perform in Snyder
Bibles for the World will present a performance by the India Children's Choir at 7 p.m. Jan.
|
Brush Police Department
James Cranford, 36, Brush, reported criminal mischief at 222 Carson on January 8 at 8:12 a.m. Mark Haake, 49, Brush, reported a fraud by check at 322 Curtis Street on January 8 at 4:59 p.m. Juvenile female, 15, ...
|
Community briefs - Jan. 14
Some guests at Diggers Diner in Brush have had a real treat this month. On Friday nights between 5 and 7 p.m. and Saturday mornings between 9 and 11 a.m., Diggers is picking a dining check from those dining in ...
|
Snyder man dies in fire
Clyde Sinkhorn, 52, died in a fire in this home in Snyder on Sunday. Firefighters found his body inside the home.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|