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Uvalda, 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 Uvalda, 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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| Uvalda, Georgia News |
Your Opinion: Check out new park
Has the high cost of fuel kept you from traveling? Do you want to get away, but are not sure where to go? If so, I would like to invite you to visit one of our area's newest attractions, Town's Bluff Park.
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Donaldson 50th
Edwin and Shelby Donaldson of Uvalda will celebrate their 50th wedding anniversary on June 14.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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