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 IN
| Austin, Indiana News |
Boone Beat for June 18, 2009
The following persons were booked into the Boone County Jail; charges are preliminary and may be changed by the Boone County Prosecutor's Office after review of arrest reports: wednesday, june 17 3 p.m. - Austin Henderson, 20, Jamestown, probation violation, Boone County Sheriff's Office.
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Deputy Tasers Woman, 72, During Traffic Stop
She dared a deputy constable to shock her with a Taser. So, he did. Video released by a Travis County Constable's Office shows Deputy Chris Bieze confronting 72-year-old Kathryn Winkfein after stopping her for speeding on May 11 just outside Austin.
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Ind. husband, wife arrested in Bullitt
An Austin, Ind., couple was arrested in Bullitt County on Wednesday, May 27, on drug charges.
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Trooper Kris Fitzgerald honored for risking his own life to save a troubled teen from swollen creek
Kris Fitzgerald could see a logjam ahead as a teen flailed her arms in the frigid waters of Honey Creek less than two weeks ago.
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Couple leads police on chase after failing to stop in Austin
An Austin couple who allegedly tried to outrun police on Wednesday, May 6, entered not guilty pleas to charges filed against them in Scott Superior Court.
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Exhibit tells story of German prisoners
Donna Koerner of Seymour remembers hearing her stepfather tell stories of the German prisoners of war he met during World War II.
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Five men charged in search warrant service in Austin
Five men now face criminal charges after Scottsburg police, with assistance from the Austin Police Department and the Sheriff's Department, served a search warrant on a Spicertown house alleged to be the site of drug dealing.
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Man leads chase
A 26-year-old Seymour man claims he helped police capture three people involved with a purse snatching Monday night at Wal-Mart Supercenter.
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Family honors murder victim on Easter, prepares for upcoming trial
Next month the trial of the man accused of killing 43-year-old Zoann McCampbell back in 2007 will get under way.
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Police Arrest 2 In Ind. Meth Lab Raid
The Indiana State Patrol said troopers made two arrests and broke up a major methamphetamine operation during a raid at a home near Deputy on Friday.
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Shelly Coomer Weds Anthony Moore
Shelly E. Coomer,formerly of Austin married Anthony Moore of Sellersburg today at her father's home in Louisville,Ky. It was a beautiful ceremony with friends and family in attendance. The couple with make their home in Miamisburg Ohio.
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Sheriff: 3 family members die in murder-suicide
AUSTIN, Ind. - A sheriff says a 35-year-old southern Indiana man fatally shot his parents, then killed himself when relatives came to check on them.
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Police: 3 relatives found dead in home
Indiana State Police are investigating the deaths of 3 relatives apparently shot to death in a southern Indiana home.
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Ebay Item of the Week
"Pay my electric bill" is exactly what it sounds like. A resident of Austin, Ind., who is having difficulty paying his tab has requested assistance.
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On Site Manufacturing, Inc. Announces New Designs
In a continuing effort to build equipment suited for a variety of applications, On Site Manufacturing Inc.
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March doesn't begin well for some drivers; 13 listed injured in seven traffic accidents
Of the nine traffic accidents recorded in Scott County for the month of March, seven have involved injuries to 13 people.
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Young couple implicated in car thefts caught after city/county chase Saturday
A teenage couple implicated in as many as four car thefts in Southern Indiana are being held in separate facilities after their capture on Saturday, February 21, in Scott County.
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Salem earns another MSC crown - alone
AUSTIN, Ind. -- The Salem High School boys' basketball team wasn't in a sharing mood last night.
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Austin rolls 73-43, will play Brownstown for title
AUSTIN, Ind. -- Austin started what it hopes will be a long tournament run with a dominating first half and easily disposed of Paoli 73-43 last night in the semifinals of the Austin Sectional in high school ...
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Austin wins a wild one
AUSTIN, Ind. -- In a girls' basketball game filled with cavernous runs on both sides, Austin used a familiar inbounds play with 11 seconds left to slip past North Harrison 64-63 last night.
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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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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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