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Alamance, NC FHA Loans in North Carolina

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 Alamance, NC 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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Alamance, North Carolina News
Weekly Newscast: Alamance County preps for Hanna

In this week's newscast: Alamance County preps for Tropical Storm Hanna; Southern Alamance forefeits two football victories; A second person is charged with providing drugs to an inmate and Elon tries to get ...


State To Close 18 Historic Sites Due To Hanna

Hey, read the rules! Nearly 20 historic sites will be closed due to the expected impact of Tropical Storm Hanna.


A vine mess: Alamance wine makers try to make harvest before storm

Under normal circumstances, it would take six to eight people to pick the grapes that grow on eight of the 44 acres that make up Max Lloyd's vineyard operation in the Elon/Gibsonville area.


Vandalism postpones Williams vs. Western Alamance game

Vandalism of Williams High School's football field has moved Williams' game with Western Alamance from Thursday night to Friday night.


Triad United Way agencies unite for campaign

Lee Jessup, president of United Way of Davidson County, speaks during the 'Live United' regional press conference Wednesday in Greensboro.


'There's someone to talk to'

Abby had a secret that she was afraid to share. But one day she stayed after class to help her third-grade teacher Mrs.


Prosecutor remembered for hard work, caring

Ernie Harviel still remembers the day when Herbert "Herb" F. Pierce stood up for him 30-some years ago.


'History is unfolding right in front of our eyes': Alamance Dems watch Obama acceptance speech

"This is a party," N.C. House candidate Henry Vines said. "Let's celebrate." Vines and the rest of the speakers at the watch party proudly exclaimed their energy about the opportunity they said was coming.


Alamance Chorale welcomes new director

Daniel Privette got the call a few months ago. Steve and Mary Ann Van Pelt, co-presidents of the Alamance Chorale, were wondering if Privette knew of anyone who might be interested in directing the volunteer ...


The Alamance Scene: Trucking company celebrates 27th anniversary

Richmond Trucking Co. will celebrate its 27th year in business at 2 p.m. Saturday.


Average SAT score up for Alamance-Burlington Schools

The average SAT score for students in the Alamance-Burlington School System increased from 2007, but remains lower than it was in 2006.


So far so good: First day running smoothly for Alamance-Burlington Schools

The Alamance-Burlington School System started the 2008-09 school year Monday. Jenny Faulkner, a school system spokeswoman, said the Alamance-Burlington Schools started the year with more than 22,700 students.


Alamance stays in 'severe' drought

Tropical Storm Fay was a system that many had hoped would impact North Carolina, particularly the western part of the state.


Student's sentence stings, but no jail term in DWI death

A former N.C. State University student who ran over and killed a bicyclist as he drove home drunk from class on his 21st birthday will not be able to drink or drive for three years, but avoided prison.


The Alamance Scene: Protect horses against rabies

The Miles Family Reunion will be held at 2 p.m. Sunday at the Mebane Arts Center.


Cummings NC Preps Preview

Cummings is coming off an 8-6 2007 campaign. The Cavaliers will return 20 lettermen, including 5 starters on offense and 3 on defense.


The Alamance Scene: GOP opens county headquarters Sunday

Call 222-8289. A Convention Watch Party is scheduled for Democratic Headquarters, 122A N. Main St., Burlington, at 7:30 p.m. Aug.


Alamance case could impact other health departments in state

Doctors around the state say a growing fervor over illegal immigration may scare illegal immigrants away from seeking health care and create a public health threat.


The Alamance Scene: Old-fashioned Farmers Day

Eastern Alamance Class of 1971 is planning a reunion for Fall 2008 and is trying to get in touch with class members.


Community college decision would likely have little impact in Alamance County, officials say

The state's delay in deciding the fate of illegal immigrants attending community colleges likely wouldn't change procedures at Alamance Community College one way or another.


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