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Lexington, 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 Lexington, 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
| Lexington, Indiana News |
Six taken into custody after reported armed robbery
A couple who reside at the trailer park and three of their friends were listed as the victims in the robbery.
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People can pay property taxes through Friday without penalty
The one-week extension was called because of the emergency situation in the county due to the severe windstorm experienced on Sunday, September 14.
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Regional News Thursday, 9/04
Indiana-Summary --- Apartment Complex Shut Down By Health Department In Indianapolis -- An apartment complex was shut down yesterday by the Marion County Health Department.
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Former IU rcruit Mackey pleads guilty to drug charge
A former IU basketball recruit from Kentucky has pleaded guilty to a drug charge.
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IN collector indicted in Transylvania theft
A federal grand jury in Lexington has indicted an Indiana collector of Jefferson Davis artifacts, accusing him of stealing documents from Transylvania University.
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Crothersville hires principal
A Crothersville alumnus is returning to serve as elementary principal. At a special meeting of the Crothersville Community Schools Board of Trustees on Wednesday afternoon, Chris Marshall was named elementary ...
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Seven people injured during latest spate of accidents in Scott County
The first occurred on Sunday, July 13, at 1 a.m. in Blocher on Broadway Street at its intersection with State Road 3. Motorcyclist James Williams Jr., 58, Lexington, told investigating deputy Donald Campbell ...
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Seven people injured during latest spate of accidents in Scott County
The first occurred on Sunday, July 13, at 1 a.m. in Blocher on Broadway Street at its intersection with State Road 3. Motorcyclist James Williams Jr., 58, Lexington, told investigating deputy Donald Campbell ...
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Former IU basketball recruit Bud Mackey released from jail
' A former central Kentucky basketball star has been released from jail after 60 days for violating his bond.
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Regional Youth Services honors foster parents and scholarship recipients
Celebrating the difference that a loving, consistent home environment makes in the lives of children, Regional Youth Services' Jeffersonville and Madison offices recently hosted a joint annual appreciation ...
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Clark County Farmers Market is open for the season
A small crowd had gathered early on a recent Saturday morning at Preservation Park in Jeffersonville.
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Performer teaches the importance of reading
"It's about leading the right life." LEXINGTON, Ind. -- A husky-voiced, bushy-bearded man from Florida had come with a question. via The Courier-Journal
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INDOT hearing seeks Vigo input on 641 Bypass phases
"In the original study, we did not look at any alignments that went and created a new interchange east of [Indiana] 46" Vigo County residents can comment on route alternatives for the last phases of the Indiana 641 Bypass at an Indiana Department of Transportation public hearing April 29 in Maryland Community Church. via Tribune-Star
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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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