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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.

Local FHA Loan directory for NC :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Aberdeen Alliance Ararat Atlantic Beach
Advance Almond Arden Aulander
Ahoskie Altamahaw Ash Aurora
Alamance Andrews Asheboro Autryville
Albemarle Angier Asheville Avon
Albertson Ansonville Atkinson Ayden
Alexander Apex Atlantic Aydlett
Alexis Arapahoe

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North Carolina News
NC judges say Charlotte didn't violate records law by keeping lawsuit-prep documents secret

North Carolina's court of appeals has ruled that Charlotte officials did not violate state law by keeping documents secret in anticipation of a possible lawsuit.


Lawsuit threatens talks on live dealers at Cherokee casino

A new lawsuit brought by a former video poker operator claims North Carolina's governor doesn't have the authority to negotiate gambling rights with the Eastern Band of Cherokee Indians.


North Carolina's jobs tax

RALEIGH a ' The biggest tax on job creation in North Carolina isna TMt levied by the Department of Revenue.


Official seeks $75 million for Blue Ridge Parkway

A Capitol Hill hearing presses the case for buying up land near the Blue Ridge Parkway in North Carolina and Virginia.


NC family sues company that makes Taser stun guns

The company that makes the electronic stun gun known as a Taser is being sued by the family of a North Carolina teen killed after he was shocked with 1 of the guns.


Ban On Airport Newspaper Racks Tramples On First Amendment, Rules Court

When the Raleigh Durham International Airport in North Carolina decided to ban newspaper racks throughout the airport, a group of U.S. papers including the Raleigh News & Observer , Durham Herald-Sun , New York Times , and USA Today decided to take it up with the courts.


Former Easley aide wants all charges dropped

The ex-aide to former North Carolina Gov. Mike Easley wants a judge to dismiss all 51 corruption-related counts filed against him, arguing federal prosecutors failed to allege essential elements of bribery and extortion.


Obesity impairs body's 'memory' of how to fight flu: study

Obesity may limit the body's ability to develop immunity to influenza viruses, particularly secondary infections, by inhibiting the immune system's ability to "remember" how it fought off previous similar bouts of illness, according to new research from the University of North Carolina at Chapel Hill.


APNewsBreak: Lawyer says cops eyeing freed NC man

A lawyer for a North Carolina man exonerated of a prostitute's murder in a groundbreaking innocence hearing says police now want to test her client's clothing for the victim's DNA.In a letter sent Tuesday to Raleigh police, attorney Chris Mumma grants permission to test the clothing Greg Taylor was wearing when Jacquetta Thomas was slain in ...


Glitch Leads to Adult Video on Kids Channels in NC

A cable TV spokeswoman says preview clips for adult programming appeared on two channels dedicated for kids in North Carolina because of an "equipment failure." Time Warner Cable Inc.


NC Revenues On Track Thanks To Special Collections

North Carolina's tax revenues remain essentially on track through the first eight months of the fiscal year thanks to a one-time special collection in the fall.


Medicaid starts preferred drug list program

North Carolina's Medicaid office has created a list of drugs it wants physicians to prescribe as a way to discourage more expensive or less effective medications while saving tens of millions of dollars annually.


Winter weather ending in NC mountains

The National Weather Service has canceled a winter weather advisory for parts of the mountains of North Carolina.


Investment in journalism

In the last several weeks we've learned in sworn testimony from staffers working for former Gov.


Testimony to begin in Cooper's murder trial

Testimony is scheduled to begin Monday in the trial of a man accused of killing five people in a string of robberies in North Carolina.


Getting your Vitamin D: After harsh Western North Carolina winter, rays of 'hot' vitamin D return

Many people in Western North Carolina may be feeling a bit of the doldrums after the long, cold, snowy winter.


Company announces expansion of Hickory operations

A heating and air conditioning supplier plans to expand its operation in North Carolina and add about 73 jobs over the next three years.


NC woman charged with drunken driving in fatal crash

Police have charged a North Carolina woman with drunken driving and felony death by vehicle following a car crash that left one person dead.


Position Announcement: University of North Carolina at Asheville

Administrative staff position reporting to Assistant Provost for AcademicAffairs.


Raleigh Divorce Lawyers Alert - Recent changes to North Carolina alienation of affection laws

Raleigh Divorce Lawyers Alert - Recent changes to North Carolina alienation of affection laws North Carolina Divorce & Family Law Firm - Gailor, Wallis & Hunt Raleigh, North Carolina a ' The esteemed North Carolina divorce and family law attorneys at Gailor, Wallis & Hunt, PLLC constantly work on behalf of their clients to keep them informed of ...


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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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