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FHA Loans

FHA loans differ from conventional loans in a number of ways. The down payment required for a 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 3.5-5%

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.

Local FHA Loan directory for DC :
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District Of Columbia News
Judge Dismisses Last of Filegate Suits Against Clinton White House

A federal district judge ruled today that there was no intentional misconduct on the Clinton administration's part in its acqusition of hundreds of FBI background files on former White House staffers and dismissed the last two "Filegate" cases.


DC Catholic schools chief heads to Boston College

The superintendent of the Archdiocese of Washington's schools says she is leaving the post for a position at Boston College.


Religious leaders helped secure marriage for gays and lesbians in D.C.

As same-sex couples continue to the the knot in the District of Columbia, the fact remains local religious leaders played a critical role in the effort to allow gays and lesbians to marry in the city.


Report: MLS Players Set To Strike If CBA

Major League Soccer players overwhelmingly voted to strike if a new collective bargaining agreement isn't reached with the league by the season opener on March 25, according to a report in The Washington Post.


States gain new jobs

Thirty-one states and the District of Columbia posted net gains in employment in January, the Labor Department reported Wednesday, providing further evidence that the economy is slowly gaining momentum.


DC school evacuated for police helicopter landing

A helicopter from a suburban Washington police department made an emergency landing near a District of Columbia school, forcing its evacuation.


Gay couples celebrate historic weddings in Mexico

Mexico City Mayor Marcelo Ebrard was officiating five same-sex marriages in one day, despite harsh criticism from the Roman Catholic Church and a campaign against the measure launched by President Felipe Calderon's conservative National Action Party.


[Iws] BLS: Regional and State Employment and Unemployment -- January 2010 [10 March 2010]

In January, nonfarm payroll employment increased in 31 states and the District of Columbia, decreased in 18 states, and remained unchanged in 1 state.


Marriage vs. common law: what it means financially

There are many financial benefits that pertain to married and common-law couples.


Bill to ban texting while driving moves forward

TALLAHASSEE - Here's a new reason to keep your thumbs on the wheel and your eyes on the road: Action to outlaw texting while driving is off to a speedy start in the Legislature.


D.C. courthouse busy with same-sex applications

Angelisa Young and Sinjoyla Townsend hold hands as Rev. David North speaks during their wedding on the first day same-sex couples are legal to wed under a new law March 9, 2010 in Washington, DC.


Study details how Census leads to funds

Financially battered states get about 20 percent of their money from federal funds, so they're paying special attention to the Census this month.


Marybeth Hicks:

Who would have thought you could contract carpal tunnel syndrome at the oral surgeon's office? After writing my initials and signing my name on roughly 217 consent forms, I was ready for an ice pack and a wrist wrap.


New math, English standards drafted

Math and English instruction in the United States moved a step closer to uniform - and more rigorous - standards Wednesday as draft new national guidelines were released.


Toyota to expand recall of Tundra pickups for rust

Toyota says it will expand a recall announced last year to fix Tundra pickup trucks with frames that could rust.


Wisconsin not Among Finalists for Education Money

Wisconsin is not among the finalists for more than $4.5 billion in federal education money under the Race to the Top program.


Gay couples wed in Washington

One bride wore a knee-length lace dress and pearls. The other bride wore a yellow shirt and white suit.


Bill Allows St. Patty's Day Stogies

For some, celebrating St. Patrick's Day isn't the same without chomping on a cigar.


Tennessee is Race to the Top finalist

The U. S. Department of Education announced today the first-fun finalists for the Federal Race to the Top competition.


Va. colleges' ban on gay bias challenged

Virginia Attorney General Ken Cuccinelli has urged the state's public colleges and universities to rescind policies that ban discrimination on the basis of sexual orientation, arguing in a letter sent to each school that their boards of visitors had no legal authority to adopt such statements.


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