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Matthews, 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 Matthews, 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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Matthews, North Carolina News
They're going to Washington

People were already bidding more than $1,000 for tickets to President-elect Barack Obama's inauguration before eBay and other online auction sites removed the auctions, and the tickets haven't even been ...


Idea of 'crime czar' meets resistance

Mecklenburg County District Attorney Peter Gilchrist said Monday it would be difficult for a new "crime czar" to track how well county dollars are spent in the court system.


1 year old, and Lynx is booming

As the sun rises over the I-485/South Boulevard stop, commuters walk toward boarding locations.


Library branch usage surges

Materials checked out at Mecklenburg County libraries rose 12 percent overall in September compared to the same time last year.


Water service interrupted in Matthews

A water outage interrupted service at 9 a.m. today on Pleasant Plains Road between Ashley Creek Drive and Weddington Road.


Take time to honor vets today

It's a day off from school for Charlotte-Mecklenburg students and their teachers, and in many other school systems.


Mint Hill Times 24/7

The Butler High School Army JROTC Battalion and the Matthews American Legion Post 235 are hosting a Veterans' Day ceremony to honor U.S. Veterans on Tuesday, November 11.


State reading test is dash of cold water

At Elizabeth Lane Elementary School in Matthews, an Honor School of Excellence, fourth-grader Saiq Patrick works on an independent reading activity.


Flies earn Matthews restaurant low score

Beantown Tavern is home to Boston food and Red Sox fans. This week it's also home to the lowest score on the list of health inspections.


Voters OK bonds for county, city projects

Voters passed $477 million in bonds Tuesday that will allow city and county governments to pay for a range of civic projects, with 96 percent of precincts reporting.


Hospitals: one goes up one goes down

Signs warn of demolition work at the former Huntersville Oaks. Presbyterian Hospital Huntersville is moving up in the world.


Tighter Times for Christian Financial World

Interbank lending crisis is hitting where subprime mortgages missed. Ken Walker posted 10/31/2008 09:41AM 1 of 1 Although Christian financial institutions appear to be in better shape than their Wall Street ...


US Airways: Costumes OK a within limits

They're nothing if not festive at US Airways when it comes to Halloween. Alas, there are some lines that employees can't cross when considering costumes, according to a recent employee newsletter.


$477 Million in Bonds on Ballot in Mecklenburg

In an election season when North Carolina has been overrun with political ads, mailers and phone calls, it's harder to get information on the less glamorous issues to stick.


Early voting: Tips for a shorter wait

Final day to cast an early ballot is Saturday . Here are the days and hours: Mecklenburg County Monday-Friday 11 a.m.- 7p.m. at all sites except CPCC, which opens at 8 a.m. Saturday 10 a.m.-1 p.m. Information: ...


Mint Hill commissioners support bond

The Mint Hill Board of Commissioners passed a resolution Thursday supporting the $250 million Parks and Recreation bond package .


N.C. officials vow smoother election

Voters wait in line despite the rain and cool weather outside the Plaza Midwood Branch Library at Central Avenue and The Plaza on Friday afternoon.


A a oeNot So Spookya Halloween event

Want some Not-So-Spooky Halloween Fun? Children ages 10 and younger are invited to the "Not So Spooky" Halloween Carnival 2-5 p.m. on Saturday.


Three people were injured Wednesday morning in a vehicle collision on ...

Three people were injured Wednesday morning in a vehicle collision on U.S. 421. Mary Louise Wood, 63, of Laurel Bloomery, Tenn., was traveling southbound in a 2002 Pontiac passenger car at 10:35 a.m. According ...


Free CPCC courses Saturday

CPCC's annual Free College Day program takes place Saturday at two of the college's campuses.


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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"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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