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

Newark, MD FHA Loans in Maryland

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 Newark, MD 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 MD

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Newark, Maryland News
School board 'will not allow' budget cuts

NEWARK - Falling revenues and tough economic times have created a grim picture for the Worcester County 2009-2010 budget.


Church beats its own dinner record

BERLIN -- The First Baptist Church on Williams Street has been the spot to find a free Thanksgiving dinner for more than two decades and this year, the group of happy volunteers beat their record for number of ...


DE Officials Discuss Finances Early

Delaware officials will meet Monday to discuss the states economic condition. The Delaware Economic and Financial Advisory Council was not supposed to meet until next month, but decided to meet early to get an ...


Students want their voices heard

NEWARK -- While plenty of high school students would volunteer to miss class, few would do so to spend hours at a board meeting.


Lawsuit over train derailment is stopped in its tracks

SNOW HILL -- Cleo Sundstrom's Basket Switch Road home is falling apart. 'I've got doors that are coming off the frame now,' Sundstrom said.


Friday, October 24--Judge Rules Proof Burden Not Met In Train Wreck Case

" A lawsuit filed last February by the co-owners of a house in Newark against the Maryland and Delaware Railroad Company seeking nearly $1 million for damage to their home and disruption of their lives ...


School board passes audit

NEWARK -- An area accounting firm gave the Worcester County Board of Education a clean opinion following an audit of financial statements.


Friday, October 17--County Eyes Tyson Property For New Senior Center

" Senior citizens can look forward to more space, more options, and more parking at the new site of the Berlin Senior Center if a county plan comes to fruition as expected.


Alternative Energy: Firms approved in Worcester, Sussex counties make their pitch in the west

HAGERSTOWN - Alternative energy companies pitched their products to the Washington County commissioners.


GRAPEVINE

Grapevine is a sampling of comments and observations on a variety of timely topics submitted by readers of The Daily Times.


Bernice Beatrice Waters

SNOW HILL -- Bernice Beatrice Waters, 86, wife of the late John Handy Waters Sr., departed this life Sunday, Sept.


Wor-Wic seeing more two-year students

NEWARK -- Local high school guidance counselors told the Worcester County Board of Education that more and more seniors are heading to Wor-Wic Community College for their first two years of higher education.


Stakeholders are key to successful transition

SNOW HILL -- The beautiful new school facility under construction in Newark, on Route 113, has caught the attention of many passers-by. With excitement, students, parents, teachers and the citizens of Worcester ...


Church Activities

Bethel United Methodist Church Bethel, Del. The 26th annual outdoor Bethel Camp Meeting, 'Walking with God Through Word and Music,' will be held at 7:30 nightly, today through Aug.


County officials discuss issues with their counterparts

The main agenda for this week's Maryland Association of Counties summer conference is almost a sidebar to what really will be going on for local officials.


Film benefits homeless man

SALISBURY -- Unable to afford Ocean City housing, Maurice Howard Harmon, 46, relies on local generosity and his two-wheeled transport during tourist season.


Wrestler and valedictorian earn top scholarships

NEWARK -- Two Worcester County students will be getting a little extra help paying for college as two of the state's Robert C. Byrd Honors Scholars for 2008.


Data Center: Worcester County Commissioners government briefing from Tuesday, June 17

Action taken: Commendation awarded Worcester County Commissioners recognized Cindy Longwell for 34 years of dedicated service to county government that started in October 1974.


Schools near summit of a testing mountain

NEWARK -- Worcester County Public Schools have again received some of the highest Maryland State Assessment scores in the state.


Resort Traffic Report: 'Busy, but no delays,' police say

Major arteries into Eastern Shore resorts are busy, although Berlin Maryland State Police report early evening traffic on Thursday as normal for a July 4 eve.


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.
 
"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
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)