Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

Merrillville, 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 Merrillville, 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

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Merrillville, Indiana News
Lubeck to serenade mall crowd for charity

Hot guitar sounds will warm up shoppers in Merrillville this weekend. Guitarist Bryan Lubeck, of Crown Point, will perform Latin-inspired jazz tunes at noon, 1 and 3 p.m. Saturday at Westfield Southlake Mall, ...


Couple killed in I-65 crash on Thanksgiving

Alcohol may have been a factor in the death of a couple in a one-car Thanksgiving Day crash on Interstate 65 near Lowell.


Local residents react to terror in India

Padmini Makam watched in horror as militants attacked the Taj Mahal Hotel, a landmark in Mumbai, India.


ArcelorMittal Cuts Planned Layoffs By Nearly 2,000

Steelmaker ArcelorMittal has reduced the number of proposed layoffs at its Burns Harbor steel mill from more than 2,400 to fewer than 500.


Couple killed in Lake County accident

LOWELLa ' A Merrillville couple were killed Thanksgiving night in a single-vehicle accident on Interstate 65 near Lowell.


Group proposes $10 a green' fee for cars in Indiana

A mass transportation organization wants Indiana residents to pay a "green" fee of $10 on each car and truck on the road to help promote mass transit options.


Construction season ends in Merrillville, but work far from finished

For drivers plagued by slow-moving traffic on Broadway, a bit of good news -- the road between 61st Avenue and 73rd Avenue has expanded to two lanes going in each direction.


Merrillville budget unanimously approved

The Town Council unanimously approved its 2009 budget at Tuesday's council meeting.


Merrillville Manager Candidate Turns Down Job Offer

A blog for Post-Tribune reporters to pass along the inside story of what's happening around you.


NWI interests expect tough times in legislature

Northwest Indiana will be looking to the Legislature to help protect region homes from future floods, keep buses running in poverty-stricken urban areas and allow public school budgets to stay on pace with ...


C.P. chances of landing plant slim?

Crown Point's chances of landing plant slim? Font Size: Default font size Larger font size CROWN POINT Mayor David Uran is noncommittal about the possibility of the county seat as a location for the future home ...


Lake-effect snow covers select areas

Northwest Indiana survived the first significant snowfall of the season Tuesday with numerous minor traffic accidents with only minor injuries reported.


Former M'ville bookkeeper sentenced for theft

After a moment's hesitation, former Merrillville bookkeeper Rosemary Barath admitted Thursday she "somewhat" had a gambling addiction that led to the theft of nearly $300,000 in town funds.


Region fans excited about "Twilight"

Fans of a popular vampire/romance book series will get a chance to see whether or not the new film adaptation will live up to its hype when "Twilight" premieres at local theaters this weekend.


Second person turns down Merrillville town manager job

The open position for Merrillville town manager has been turned down by a second person.


Session offers seniors help in deciphering Medicare drug plans

An increase in the cost of her Medicare prescription drug plan brought Merrillville woman Frances Darnell to a help session Monday sponsored by state and federal officials.


Are you ready for the sheriff's race?

Just when you exhaled with relief and said, "no more politics for a while," the jockeying for Lake County sheriff already has begun in earnest.


Parker pleads not guilty in husband's death Authorities say former...

A former Crown Point woman charged with murder in the 2003 shooting death of her husband gave her then-high school age children money to buy Ecstasy in an attempt to poison him, authorities said.


Union pickets Merrillville job site

Ironworkers picketed a commercial building site Thursday, contending the construction company isn't paying area wage rates and that the working conditions are unsafe.


Wife of in 2003 Merrillville homicide victim jailed

The wife of a slain Merrillville businessman turned herself in to police Thursday afternoon and is being held at the Lake County Jail after being charged in connection with the April 2003, region law ...


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)