Morganton, 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 Morganton, 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.
Return to fha loans in the state of NC
| Morganton, North Carolina News |
Church opens first shelter of its kind
A homeless shelter is now open in St. Charles Borromeo Catholic Church. The shelter operates from 7 p.m. to 7 a.m., said Toni Whitesell, coordinator of the shelter.
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50 Years Ago in Burke County
Ross will remain as assistant to Wacaster. n Kathryn Whisnant, general chairman for the Burke County Christmas Cheer Fund, accepts a check for $100 from Mrs.
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Shooting incident under investigation
A shooting incident at Jack B Quick, 1406 Burkemont Ave., on Thanksgiving Day at approximately 10 p.m. is still under investigation by the Morganton Department of Public Safety.
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Morganton Man Wins $20,000
Morganton- A Morganton man has won $20,000 in the North Carolina Education Lottery.
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Morganton man wins $20K in lottery
Donald Charlet won $20,000 from an instant scratch-off ticket, "Bah Humbucks." Charlet was one of 19 people to win top-tier prizes from scratch-off tickets in the most recent lottery reports.
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Unemployment benefits extended
Unemployed workers in North Carolina could be eligible for up to 13 weeks of extended unemployment benefits.
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Family 'respects the steel:' Local firm builds skeleton for new hotel
ASHEVILLE First of all, yes, you do get calluses on your rear end from this work.
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Wreck sends man and woman to hospital
Morganton Public Safety officers retrieve items from a vehicle involved in a two-car collision Thursday afternoon at the intersection of N. Green Street and N. College Street.
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Stores prepare for Black Friday
Opening at 4 a.m., Goody's Family Clothing kicks off Black Friday in Morganton. An hour later, Wal-Mart opens its doors, and at 6 a.m., Kmart, Big Lots and Staples open.
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Traffic stop nets suspect on felony drug charges
What started as a routine vehicle stop last week ended in felony drug charges for the driver.
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Novel spurs community service
With the reading of certain novels being a controversial subject between students, parents and educators, one group of seventh graders was challenged to do good things for the community after reading a novel by ...
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Cruzins end for season
On Nov. 9, the Historic Morganton Cruzin on the Square held the last cruse-in for the season.
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Banks continue lending despite bailout news
Some banks have failed, some are buying others and the federal government has bailed out some financial institutions.
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Expanding company could mean more jobs
A company in the area is proposing to expand and a public hearing is set for Tuesday.
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Little League lobs more questions at Morganton
It could be as late as the end of January before Little League officials make a decision on where they will relocate the southeast regional headquarters, say city officials.
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Cobb Trust: 50 years of helping the needy
Nearly 50 years after her death, Beatrice "Miss Bee" Cobb continues to help churches and other organizations here in Burke County.
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Brake maker halts hiring, raises
Continental Teves is watching what's happening in the auto industry and evaluating its business on a week-by-week basis, say company officials.
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Conflicting predictions for winter weather
Despite differing winter weather predictions for North Carolina, one thing is for sure, you'll need a jacket to stay warm.
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Rebroad-cast of school board meeting set for Friday
Anyone who missed the five-hour-long Burke County Board of Education meeting on Monday can watch it at 6 p.m. Friday on CoMPAS Cable's channel 2. More than three-dozen parents, teachers and students at Monday's ...
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Operation Christmas Child annual shoebox drive kicks off
Heritage Middle School student council members loaded filled shoeboxes into a car Wednesday as part of the international program Operation Christmas Child shoebox drive.
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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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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