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Elon, 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 Elon, 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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Elon, North Carolina News
Semi-Truck Caught On Fire, Closes Part Of I-40

Firefighters responded to a report of a tractor trailer fire on I-40 around 6:00am Wednesday morning.


Churches plan Christmas activities

The following Christmas services are scheduled in area churches. Shiloh United Methodist Church will hold its fifth annual "drive-through" live Nativity on Dec.


Kind hearts, conscienceless criminals & Spirits of Freedom

Every year we're heartened by the kindness of folks in our community, but especially this year when so many out there need a helping hand.


More of this story

Black soot and mangled metal fill the floor once covered in sawdust. A charred smell, one that lingers in hair and on clothes, has replaced the fresh scent of sanded wood.


Police pay raise is an investment in our security

Morale in the workplace is a tricky issue. What motivates one employee might send cold shivers down another's spine.


Ups & Downs: Gas break, bullies, buildings, budgets and a top volunteer

THUMB'S UP to at least one piece of good economic news. It's been awhile since folks around these parts have seen gasoline at less than $2 a gallon for regular unleaded.


Today's Basketball Games

A loss would drop Kentucky to 0-2 -- something the Wildcats have experienced only twice since 1926.


"I'm going to run for something," Lashley says after final commissioners meeting

Bill Lashley attended a government meeting Monday, something he's done hundreds of times before.


DWI

The following have been charged with driving while impaired. A registration of .08 or higher on the Intox EC/IR II results in an automatic 30-day revocation of a driver's license.


An incredible opportunity for a new downtown Elon

For the token price of $1, Elon University has offered a 3-acre portion of their 13-acre Firehouse Field to the town of Elon as a potential site for the proposed western branch of our library system.


Elon Man Charged With Statutory Rape Of 13-Year-Old

Deputies arrested a man on two counts of statutory rape of a 13-year-old. A deputy with the Alamance County Sheriff's Office arrested 28-year-old Gregory Todd "TJ" Steward, Jr.


Woman charged with aiding a rape

A Reidsville woman was charged Thursday and put in Alamance County jail for her alleged involvement in the statutory rape of a 13-year-old Alamance County girl.


Scholars will bring Sri Lanka to campus

A Sri Lankan rapper will be at Elon University on Thursday as part of a week of events focusing on the country.


Voting Tuesday? Here's what you should know

So you're the seemingly rare voter who didn't take advantage of early voting this year.


College Students Across The Triad Show Off Election Savvy

Students at Elon University put on a live seven hour Election Night Campus Show.


Sheriff's department charges three in home invasion

The Alamance County Sheriff's Department has charged three teens with involvement in a home invasion on Sunday night in Elon.


System honors principal, assistant principal

Two administrators in the Alamance-Burlington School System were singled out for an honor that gives them bragging rights for a year.


Bettye Newton Goff

Bettye Newton Goff, 80, of 1317 Carmen Lane, passed away peacefully at home in Gastonia, N.C., on October 28, 2008.


The Alamance Scene: A bounty of fall festivals, brunswick stews and barbecues

Hebron United Methodist Church will hold a ham and egg supper from 5 to 8 p.m. Saturday at Prospect Hill Fire Dept.


Donna Oliver named president of college

Donna Oliver, a Burlington native and former Alamance County educator who was named National Teacher of the Year in 1987, will be the next president of Mississippi Valley State University, according to a press ...


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