Oak Island, 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 Oak Island, 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
| Oak Island, North Carolina News |
One dead in Oak Island bridge collapse
Published: Wednesday, December 3, 2008 at 12:05 p.m. Last Modified: Wednesday, December 3, 2008 at 3:29 p.m. One person was killed and at least one critically injured today when an entire girder collapsed ...
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Oak Island's Christmas by the Sea Home Tour
The Town of Oak Island is decked out for the holidays, and several residents are opening their homes for all to see.
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Air Force One Museum proposed for Wilmington
Published: Monday, November 24, 2008 at 9:00 p.m. Last Modified: Monday, November 24, 2008 at 10:27 p.m. Howie Franklin loves to share photos and stories about his days on the presidential aircraft Air Force ...
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Arrests: Police nab fugitive
ASHEVILLE - City police Thursday arrested an Asheville man wanted in South Carolina for a parole violation on a prior drug conviction.
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PARROT: Bloggers urge you to shop local
Let's face it. With the economic crisis, hardly anyone wants to spend much money.
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Coastal Resources Commission rules stall until legislature meets
Published: Saturday, November 22, 2008 at 8:29 p.m. Last Modified: Saturday, November 22, 2008 at 8:34 p.m. Two months ago in some of the biggest changes in coastal policy in years, the N.C. Coastal Resources ...
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Two Oak Island men charged with area break-ins
Two Oak Island men have been charged with breaking into several homes in Bolivia and Southport between Nov.
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Arts Council announces Arts by the Shore winners
The winners in the 14th annual Arts by the Shore, hosted by Oak Island Art Guild and Oak Island Parks and Recreation, have been announced.
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From foster parent to mother of 10: One woman's story
Karen Derr's life is all about children. From kindergartners to high school seniors, there's barely a moment when she's not either surrounded by kids or planning something for kids in the community.
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Local artists win awards at statewide show
For members of a small gallery, some Franklin Square Gallery artists won big at the statewide watercolor show in Greenville and several other competitions.
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Free Christmas Concerts and Activities in and Around Southport NC
The Sea Notes Choral Society will present three free holiday concerts in December.
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Shrinking revenues put Oak Island town hall project in doubt
Published: Friday, November 14, 2008 at 8:37 p.m. Last Modified: Friday, November 14, 2008 at 8:38 p.m. Oak Island Officials here are starting to tighten the notches on a belt that some residents feel was too ...
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Sheriff's office, municipal police departments team up in new task force
The Brunswick County Sheriff's Office has teamed up with local police departments to form The Brunswick County Law Enforcement Investigative Task Force.
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Christmas By The Sea Festival 2008
November 7, 2008 - Sou thport, No rth Carolina - No snow, no ice, no freezing weather, how do residents of North Carolina's Coast get in the holiday spirit? The Christmas by the Sea Festival is how.
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Abandoned house still sits on subdivision road
Published: Monday, November 3, 2008 at 5:49 p.m. Last Modified: Monday, November 3, 2008 at 7:15 p.m. Almost a year later, a dilapidated house still sits precariously in the middle of a private subdivision's ...
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Oak Island schedules time to discuss important 'stuff'
Published: Wednesday, November 5, 2008 at 7:26 p.m. Last Modified: Wednesday, November 5, 2008 at 7:28 p.m. Lawsuits and buying the Yaupon Pier.
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Leland man upset by denied entry to polls
Published: Tuesday, November 4, 2008 at 3:30 a.m. Last Modified: Tuesday, November 4, 2008 at 1:44 p.m. Updated 1:15 p.m.: Leland man upset by denied entry to polls Five minutes ago, a Leland man exited the ...
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Oak Island surprise: No line
Published: Tuesday, November 4, 2008 at 3:30 a.m. Last Modified: Tuesday, November 4, 2008 at 8:13 a.m. Updated 8 a.m.: Oak Island surprise: No line Voters trickled into the Elks Club on Dolphin Drive Tuesday ...
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HRC member seeks middle ground for Frederick County residents
Early this year, Hayden Duke began to consider joining the Frederick County Human Relations Commission when he saw a group dedicated to promoting understanding in the community.
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Wounded Warriors Project Soldier Ride Stops in Carolina Beach
The Wounded Warrior Project Soldier Ride Carolinas Challenge made a stop in Carolina Beach Friday October 24th.
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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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