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Mitchell, 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 Mitchell, 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.

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Mitchell, Indiana News
Seymour Hikes Taxes To Raise Dwindling Revenues

The between the recession and changes in the property tax laws, local municipalities are facing a major hurt on their budgets.


Bedford Police Looking For Missing Child

The Bedford Police Department is looking for 13-year-old Ransom W. Lee. In a missing child alert, Bedford police say Lee was last seen Tuesday afternoon.


One Arrested, One Injured In Friday Five-Car Pile-Up

Five cars wound up in a wreck Friday afternoon near the intersection of IN-37 and US-50, and one person is in jail after a U-turn gone wrong.


BMV2YOU Comes 2 Mitchell Next Friday

If you live in Mitchell and you need to do business with the Bureau of Motor Vehicles, you won't need to drive as far next week Friday.


Area Parks To Close For Deer Hunt

A series of state parks in Indiana are going to be closing down for a few days for deer hunters to come in and thin the herd.


Man Found Dead In Wrecked SUV Days After Crash

Authorities said Tuesday that a body found in a wrecked sport utility vehicle is that of a Bedford man who had been missing for nearly a week.


Missing Man Found In Ravine

The man police have been looking for since the middle of last week has been found dead in his SUV off of Teke Burton Drive.


Teacher returns from health problems, devastating flood to interact with students

As he does each morning, Chauncey Rose Middle School teacher Bill Latta wore a sign with his "question of the day" as he stood at 13th Street and Third Avenue during his morning bus duty.


GOP sweeps Warrick County Council at large

The Republican candidates for the Warrick County Council swept the races for the three at-large seats Tuesday evening.


Nephew Accused In Bedford Murder

The Bedford Police Department has made an arrest in the murder case on the south side of the Stone City.


Man Takes Out Bedford Mailbox, Arrested In Mitchell In Less Than An Hour

A Mitchell man managed to knock over a Bedford mailbox with his car and get arrested in Mitchell on unrelated charges within less than an hour's time.


Buyer Holds Medicare Enrollment Program Wednesday

Republican 4th District Congressman Steve Buyer is having his staff hold a Medicare education session tomorrow morning.


Oct. 20: Arrest Log

He is being held without bond. * Elwood police arrested Mitchell R. Sites, 29, of the 400 block of North Fifth Street, Elwood, at 1:55 a.m. Monday in the 2500 block of North A Street on suspicion of battery, a ...


Sun Glare, Speed Blamed For Car, Train Wreck Near Mitchell

An Arizona man had an unfortunate run-in with a train in Mitchell Sunday afternoon.


Shoals Teen Suffers Head Injuries After US-50 Wreck

A Shoals teenager has suffered head injuries after a wreck on US-50 in Martin County yesterday afternoon.


Three Injured In Bike, Car Wreck On IN-37

Three people were sent to the hospital after a pair of motorcycles plowed into a vehicle crossing IN-37 yesterday afternoon.


Police Chase, Wreck Puts Three Hoosiers In Medical Chopper

Two people from Washington, 1 from Montgomery and 1 reportedly stolen vehicle from Mitchell are all a mess after a police chase and wreck in Paoli early yesterday morning.


Leaf Cams capture fall colors

During the next few weeks, trees all across Indiana will pop with color as leaves change from summer green to spectacular shades of red, gold and brown.


Arrests Start To Rack Up From Bedford Recycling Thefts

Bedford police have placed three men in custody for allegedly stealing precious metals from Bedford Recycling.


Classics of everyday design No 52: The big yellow school bus

Functional as a builder's tool ... The ubiquitous yellow school bus. Photograph: Peter Titmuss / Alamy Each and every day during term time, some 440,000 yellow buses take millions of children to and from school ...


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