Solomons, 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 Solomons, 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
| Solomons, Maryland News |
Wineries change postponed
Winery owners confronted the Calvert County Board of County Commissioners last week, asking them to reject a proposed change to zoning laws that they said could threaten their businesses.
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County backs down on projects
A county budget squeeze has led to a scaled back Capital Improvements Program budget for next year, with projects being curtailed or deferred.
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Red Cross to host appreciation night for service men, women
The American Red Cross Southern Maryland Chapter will host an Armed Forces Appreciation Dinner at the Holiday Inn Select Solomons on Friday, Dec.
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Merchants hope shoppers buy local
Rob Plant, owner of the Blue Wind Gourmet in California, offers a variety of items from local vendors, including wine from Solomons Island and spring lettuce from Mennonite farmers in Loveville.
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Hotel rooms full for days around Jan. 20
Operations supervisor Samantha Marks and sales manager Michelle Voight-Jones for the Hampton Inn on U.S. 301 in Waldorf have been working hard to accommodate large groups for the presidential inauguration and ...
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Solomons Island is the nearby getaway
The Tiki Bar's annual opening at Solomons attracts thousands of revelers each April, but the place seats fewer than 100, so the street is closed as the party spills outside.
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Statue stands watch in Dowell
From the Patuxent River Naval Air Station, Athena Rolsma, PS2, Charles Oleskiewicz, ABE3, center, and Justin Smith present the colors commemorating Veterans Day 2008 at the "On Watch" statue in Dowell.
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Residents wary of Asian oyster
Southern Marylanders are wary of a proposal to release an Asian oyster species into the Chesapeake Bay, judging by comments at a public hearing Wednesday night on a draft environmental impact statement ...
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New research ship named for Md. pioneer Rachel Carson
Fleet superindendent Bruce Cornwall stands on the deck of the 81-foot Rachel Carson.
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Veterans honored, remembered throughout county
Patuxent High School Navy JROTC cadets Christine Leyton and Kyle Samilton perform a rifle exhibition at the Southern Pines Senior Center at a Veterans Day ceremony Monday.
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Rush can't duck IRC good fortune
On the way out to the race course on Saturday, skipper Bill Sweetser and his crew aboard Rush discovered a decoy duck floating aimlessly in the Chesapeake Bay.
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Museum shows film on Lyme Disease
Clarification Not reported in an Oct. 21 domestic violence story was Pat Pease's official title which is the Education and Training Coordinator for the Crisis Intervention Center.
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Trick or Treat
The eighth annual Monster Mash Cruise and Costume Contest will be held on Oct. 31 aboard the Wm.
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Crosby raises, spends $10,000
The challenger for the board of education at-large seat, Marilyn Crosby, has raised and plans to spend more than $10,000 on her campaign to unseat Gary Kessler, who has essentially spent no money on his ...
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League of Women Voters hosts forum for school board candidates
Voters choosing members of the Calvert County Board of Education have one last chance to do some learning of their own.
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Bugeye Ball
The Calvert Marine Museum held its annual Bugeye Ball Saturday to raise money for the ongoing renovation and repair of the Keeper's House at Cove Point Lighthouse.
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Calvert County commissioners agenda for Oct. 28
Prince Frederick 10:05 a.m. - Proclamations: National Hospice Month; National Family Caregiver's Month; Youth Appreciation Week 10:20 a.m. - Presentation: Department of Economic Development, Reliability Update ...
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Locals awarded at CBW gala
Local dignitaries lit up the night Saturday at the Concerned Black Women of Calvert County's inaugural Awards Dinner and Gala, "A Salute to Excellence." The Oct.
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Report: Asian oyster could save bay fishery
Public comment accepted The public response to the findings of the report issued this week will provide direction for the preparation of the final programmatic environmental impact statement.
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Absentee ballots make voting easy for everyone
Residents of The Hermitage assisted-living community near Solomons who benefit from absentee balloting carried out there include, standing from left, Flora Frederick, Petrina May, Theresa Smialek, Elizabeth ...
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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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"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
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