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Albany, GA FHA Loans in Georgia

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 Albany, GA 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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Albany, Georgia News
Rain from Fay help to quench GA's drought

Despite all that damage, there could be a benefit from Fay's rain. It all but wiped out our rain deficit and could help end Georgia's drought.


Burned out car linked to Lee County burglary

Police hope a burned car found in a flooded East Albany field will lead them to a burglar.


The Albany City Commission votes to extend City Manager Alfred Lott's contract for two years.

After a heated exchange between Mayor Willie Adams and Commissioner Bob Langstaff Tuesday night, the Albany City Commission voted to extend City Manager Alfred Lott's contract by two years with modifications ...


Will Wildcats leave Albany?

For months, speculation has surfaced that the South Georgia Wildcats could leave Albany.


Cable television will be topic for an Albany commissioners monthly town hall meeting.

An Albany city commissioner is hoping to help the public understand changes to Georgia law that may help or hinder efforts to bring more cable television competition into the area during a town hall meeting ...


Tree limb falls on Albany home

The tree limb broke and fell around 7:30 Saturday morning. When the Nelsons came outside, they saw downed power lines and a broken car windshield.


Albany is the recipient of almost $150,000 in grant money to be used for two projects.

The city of Albany received word this week that it had been awarded grants that will help officials establish a pair of innovative programs.


South Georgia sees wind, rain, and now death

Raymond Brown sent us this picture of his mother-in-law's mobile home in Doerun.


Five people rescued from Thomas County flood waters

There were some dramatic rescues in Thomas County Sunday morning after five people were swept away by flood waters.


Tires doused in an Albany fire at Premier Autoworks

Hot wheels had Albany firefighters and a volunteer fire crew working at an Albany business Sunday morning.


Longhorn Steak House in Albany Georgia Restaurant Review

I recently had a chance to visit Longhorn Steak House in Albany, Georgia. The rustic yet classic look of this restaurant drew me in.


1972 Olympian Jeff Galloway in Albany for Marathon Training Program

A former Olympian wants to help you train to run a marathon. Jeff Galloway will kick off his Marathon Training Program Saturday at 8am at Phoebe Northwest.


Macon named Ga. city with best water

What sets Macon apart from the rest of the state is flowing out of its taps. This week the Georgia Association of Water Professionals voted Macon the city with the best-tasting tap water in the state.


Albany reviews alcohol rules

Albany city commissioners tentatively voted during a work session Tuesday morning to amend the city's 1,000-foot proximity ordinance for establishments selling alcoholic beverages, addressing the semantics of ...


Latest on tropical storm Fay damage in Albany

It's windy and raining over much of south Georgia, and that is likely to continue all day Saturday as Tropical Storm Fay moves ever so slowly to the west.


Comedy Night returns to Albany

This week, the Sowega Council on Aging will present its 3rd annual Comedy Night.


Albany officials anticipate Fay's rain

Street flooding is a definite possibility in south Georgia offer the next few days.


Officer fired for tasing handcuffed woman

Sunday morning a Worth Sheriff deputy was called to North Main Street in Sumner because of a domestic dispute.


Another teenager pleads in robbery/murder case

A second Albany teenager has pleaded guilty in a murder/armed robbery. 18 year old La'Kesha Flewellen got seven years in prison for her role in a robbery/killing at Westwind Apartments.


Albany Fire Rescue boat training has added importance

In recent weeks Albany Firefighters have been training with their rescue boat. Now with Tropical Storm Fay possibly bearing down on South Georgia, that fire rescue boat could be called on to help flood victims.


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