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Lamar, IN FHA Loans in Indiana
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 Lamar, IN 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.
Return to fha loans in the state of IN
| Lamar, Indiana News |
Little Sandy Mine to blast
In accordance with Indiana Code 312 IAC 25-6-31 notice is hereby given that Little Sandy Coal Company, Inc., P.O. Box 16, Lamar, Indiana 47550 will conduct blasting operations at the Antioch Mine located in: ...
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Little Sandy intends to blast
In accordance with Indiana Code 312 IAC 25-6-31 notice is hereby given that Little Sandy Coal Company, Inc., P.O. Box 16, Lamar, Indiana 47550 will conduct blasting operations at the Antioch Mine located in: ...
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NEWS 25 Learns More About Fatal Crash Near Jasper
NEWS 25 is learning more about a deadly three car on US 231 near Jasper, IN. The Jasper Police Department says Donna Rush, 57, of Lamar, IN died in the crash.
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Missing Spencer County Woman
Spencer County authorities are looking for a woman who has been missing for more than a week.
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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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