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

Call Now

(800) 675-9783

Free Rate Quote

800-675.9783

FHA Loans

FHA loans differ from conventional loans in a number of ways. The down payment required for a 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 3.5-5%

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 MA

Call for COMPLETE details NOW!

(800) 675-9783

Agawam, Massachusetts News
Agawam Mayor Susan Dawson refuses to address alleged complaint about fund-raising letter

By CHRIS HAMEL chamel@repub.com AGAWAM - Mayor Susan R. Dawson declined comment this week about an alleged complaint to the State Ethics Commission regarding one of her fund-raisers. The Republican received an unsigned, undated copy of a letter on Monday that supposedly was sent by a town employee to the commission.


New bill would require drivers 75 and older to pass test

A key state legislative committee gave a favorable recommendation Tuesday to a bill that would require drivers 75 and older who are renewing their license to pass tests to prove they can safely operate a vehicle.


Driver who left 5-year-old Alexander Albert of West Springfield on...

By CHRIS HAMEL chamel@repub.com WEST SPRINGFIELD - An investigation into an incident in which a 5-year-old kindergartner at John Ashley Elementary School fell asleep on a school bus, missed his stop and awoke in a bus parking lot in Agawam has shown that the driver did not follow policy.


Chicopee prepares strategy in case swine flu hits schools

By JEANETTE DeFORGE jdeforge@repub.com CHICOPEE - Swine flu could close schools in the city this year, but only in cases where so many children or staff are ill it will disrupt the educational process.


Amherst sweeps opener

Amherst Regional 3, Mahar 0 - The Hurricanes won their season opener at home 25-17, 25-13, 25-13. Sonia Brown had 10 kills, nine aces and four digs for Amherst, Ashley Fuller had 23 assists and three kills, Hilary Woodworth tallied 10 digs and three aces and Jennie Rogers added 11 digs and three kills.


Restaurant review: Pananas Restaurant in Agawam

Pananas Restaurant in the center of Agawam is less than a year old, yet it is already hitting its stride.


Michael Armitage, former owner of Berkshire Power in Agawam, posts...

By STEPHANIE BARRY sbarry@repub.com SPRINGFIELD - Michael J. Armitage, accused of fraud, posted $250,000 in bail money in a federal criminal case after a recent scolding from a magistrate judge.


Football Preseason Top 10

Here is my order for the preseason top 10. 1. Longmeadow 2. Holyoke 3. East Longmeadow 4. Central 5. Wahconah 6. Agawam 7. Westfield 8. West Springfield 9. South Hadley 10.


Mourners Recall Senator Kennedy at JFK Presidential Library

Thousands of mourners including many from Western Massachusetts paid their final respects to Senator Edward Kennedy on Friday.


Eric L. Gustafson, 49

PONETO - Eric L. Gustafson, 49, died Friday August 28, 2009. Eric was a United States Air Force Veteran.


Dance-athon fund-raiser set for Saturday

Brenda Edwards was doing some banking when a picture of a little boy caught her eye and inspired her to hold an event to help the child's family with medical expenses for his spastic cerebral palsy.


Dining news from Pananas Restaurant, Bottega Cucina, Deerfield Inn and IHOP

Pananas Restaurant , located in Agawam at 916 Suffield Street, recently began serving lunch daily from 11:30 a.m. until 3 p.m. The menu's designed to accommodate midday occasions of all sorts, from elaborate business luncheons to quick, on-the-go meals.


Millionaire under fire for failing to secure bail

A former Springfield-area entrepreneur has come under fire from a federal judge for failing to secure his $500,000 bail bond as he awaits trial on bank fraud and tax evasion charges.


Fatal Accident under Investigation

West Springfield and Agawam Police are investigating a fatal motorcycle accident from last night.


Club 418 strip club hopes to reinvent itself as 'Lace' with new...

With a delicate new name coupled with a stepped-up security plan, a downtown strip club has appealed to city officials for a green light to reopen.


Sheriff Michael Ashe Holds Annual Clambake

Sheriff Michael Ashe held his annual clambake at Six Flags New England on Wednesday.


MetroDesk: A mayoral endorsement by any other name

State Treasurer Timothy P. Cahill has not officially entered the 2010 governor's race yet, but the way he's talking these days it sure sounds like a done deal.


Bill Galvin stresses an accurate census

It may be six or seven months away, but Secretary of State Bill Galvin wants residents to start thinking about the US census scheduled for March and April.


Agawam mayor Susan Dawson touts planned Route 5 to Route 57 fly-over ramp

Area tourism will be a likely benefactor of a new connection of Route 5 to Route 57, according to Mayor Susan R. Dawson.


Lace up and help cure juvenile diabetes

Lace up your sneakers and help find a cure for childhood diabetes. Friday at Max's Tavern in Springfield, Juvenile Diabetes Research Foundation held its annual luncheon.


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.
Free Rate Quote
 
"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
© 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 | Testimonials | Employee | Top 100 Mortgage Companies
Equal Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA) ADD YOUR SITE, BOOST YOUR TRAFFIC. Alexa Traffic Ranking
 
close