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Southington, CT FHA Loans in Connecticut

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 Southington, CT 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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Southington, Connecticut News
Johnathon Henninger / Record-Journal

Johnathon Henninger / Record-Journal John Folkman, a Meriden resident, is glad to see gas prices dropping because he spends a lot of time on the road, working in the scrap-metal business.


125 storage units hit by thieves

Southington police are investigating break-ins of about 125 storage units at Public Storage.


Grants Sought to Study Useof Wind Turbines in Oxford

First Selectman Mary Ann Drayton-Rogers recently authorized two wind turbine companies to apply for grants to study the feasibility of erecting wind turbines on Great Oak Road and at Oxford High School.


Kudos and honors

Headmaster Brother William, C.F.X., announced nine students have been named Commended Students in the 2009 National Merit Scholarship Program: Bryan Cross of Higganum, Anthony Fontanella of Amston, Ryan Hammond ...


Oxford Man, Allegedly Drunk, Leads Police On I-84 Chase

An Oxford man still on probation Thursday from two drunken-driving convictions last year disabled a device meant to keep him from driving while intoxicated and led state police on an 18-mile chase that left a ...


Preservation Urged For Southington Bakery Site

But the author of a book on town history and a member of Unico , an Italian-American service club, both say the building should be preserved because it once was a communal bakery where Italian immigrants ...


Sale of 6 Waterbury apartment buildings earns family millions

Six local apartment complexes owned by the same family for decades have been sold to out-of-state companies for millions of dollars each.


Book chronicles hunt for lore on 'Old Leather Man'

The first known photograph of the Old Leather Man was taken without his consent.


Post-Election Outlook Poor For Lieberman

Some Democrats have said they want to strip Sen. Joe Lieberman of his chairmanship on the Homeland Security Committee and kick him out of the Democratic party.


No surprises on Election Day 2008

Southington quickly fell in line and became another "blue" Connecticut town when it voted to send Illinois' Democratic Senator Barack Obama to the White House as the nation's 44th President.


To Get Away From It All, Visit Roaring Brook Falls

When I heard the rain gurgling down the downspout a few nights ago, I knew I had to go.


US Justice Dep't ruling reimburses CT district

The Southington, CT, Water District will receive $2 million as part of a larger settlement the federal government, along with the state of Connecticut, reached with numerous parties responsible for ...


Tips help stretch that food dollar

Although Herbert and Joan Helms of Southington already have raised a family, they learned a new way to save money on groceries Wednesday.


Groundbreaking for a New School in Southington: Ken Byron | Greater New Britain

Today seems to be the day for me to talk about building projects in Southington.


Agreement Reached on Remaining SRS Southington Cleanup

HARTFORD, Conn. _ Federal and Connecticut officials have reached agreements with numerous companies to fund the cleanup of a former solvent recycling facility in Southington.


Settlements reached to fund Conn. cleanup

Federal and Connecticut officials have reached agreements with numerous companies to fund the cleanup of a former solvent recycling facility in Southington.


Who's afraid? Not Mission: Wolf

A motor coach with a few wolf graphics on the front and sides pulled up to the tennis courts at Recreation Park Monday afternoon.


Wolves Come to Southington: Ken Byron | Greater New Britain

Yeah, I know what you're thinking. What's the point of a picture of two dogs out for a walk? Well, they are not dogs, but according to their owners they are closely related.


Embezzled Funds Must Be Repaid

A Southington woman accused of several financial crimes, including embezzlement of least $62,000 from an employer, received a suspended five-year jail sentence Friday and was ordered to repay what she stole.


Summit draws hundreds as Steps in guiding youth

In a night billed as historic, Southington's Townwide Effort to Promote Success, or Steps, brought more than 300 community leaders together at the Aqua Turf Club Wednesday.


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