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Franklinville, 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 Franklinville, 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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Franklinville, North Carolina News
Walters-Gartner

Published: Tuesday, September 9, 2008 at 9:00 a.m. Last Modified: Monday, September 8, 2008 at 3:00 p.m. Charles and Sheila Walters of Lexington announce the engagement of their daughter, Miranda Denise ...


Economy Puts Fire Departments In A Pinch

Rising fuel costs, increases in training and equipment expenses and the decreased number of volunteers have put some local volunteer fire departments on alert.


July 29 to Aug. 5

The following marriage licenses were recorded by the Alamance County Register of Deeds, July 29 to Aug.


Traffic case leads to impersonation charge

Patrick T. Fuhr, 49, of Church Street in Franklinville, was arrested Thursday morning on charges of first-degree criminal impersonation of a police officer, second-degree forgery and second-degree criminal ...


Randolph County to close four recycling sites

Randolph County officials say they will close four more recycling sites because of misuse.


Man faces homicide charges in 2007 I-24 crash

By TAVIA D. GREEN * The Leaf-Chronicle * June 7, 2008 A Nashville man has been charged with vehicular homicide and vehicular assault in a May 2007 Interstate 24 wreck that left one woman dead and several people ...


The Daily Journal's Student of the Day: Camille Fumo

Age: 17 Hometown: Franklinville School: Our Lady of Mercy Academy Grade: 12th Parents: Anthony and Christine Fumo Accomplishments: Fumo was Miss New Jersey Super Teen in her sophomore year.


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