Troy, 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 Troy, 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
| Troy, North Carolina News |
Party leads to shooting
Thanksgiving night was anything but quiet for law enforcement officials in Troy, as they called for help from all over the county to control a crowd of party goers that had gotten out of hand.
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Troy's tree lights will continue
At a Troy Town Board meeting earlier this fall, commissioners approved a plan to begin purchasing new LED bulbs to replace the incandescent bulbs that light the trees throughout the central part of Troy during ...
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Peebles closing set for Jan. 17
The bright pink "store closing" sign on the front of Peebles department store on Main Street in downtown Troy has increased business with people looking for big markdowns, but the news of the closing has added ...
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Dilworth jogger sees her rapist sentenced
An illegal immigrant will spend at least 45 years in prison for raping three Charlotte women, including a jogger in Dilworth in 2005.
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Styling across seven decades
You'd probably have to use the fingers on both hands to count up the generations of Montgomery County heads that have been cut and curled by Avanelle Stafford Morris.
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National economy has local impacts
Anyone who follows national news knows the country is in a recession. Some, but not all, businesses in Montgomery County are finding the drastically reduced economy impacting them as well.
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Troy approves Handy Sanitary pump station
Troy commissioners met in a short regular session, Nov. 3, and took care of several items that could be classified as old business.
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Supporting troops on Veterans Day
On a windy fall morning on Oct. 8, people lined up on Troy's Main Street to watch and honor veterans at the annual Veterans Day Parade.
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Maiden has big plans for Halloween
From left, Tom Lytle, Justin Lowe, Bo Nichols, April Nichols, B.J. Nolan , Marian Lytle, Amelia Lytle and Seth Lytle are the creatures who inhabit this house on Main Street in Maiden.
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Mr. Kissell goes to Washington
The results may be unofficial, but it appears certain that the new congressman from North Carolina's Eighth District is the man from Montgomery County.
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Troy Town BoardVandalism at Lowe Warner Park causes concerns
Troy Town Board members discussed ways to thwart vandalism at Lowe Warner Park at their Oct.
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Attorney General Announces Gas Refunds and New Subpoenas
Owners of The Corner Market gas station in Jefferson and Old Fort Citgo in Old Fort will repay customers thousands of dollars for overpriced gas, the Attorney General'S office announced Friday.
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Disability Awareness MonthYouth working hard to fulfill his dreams
October is Disability Awareness Month. Many people throughout our county have disabilities, intellectual, emotional, physical or developmental problems that make life more difficult for them.
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Gas stations to repay money
In the wake of last month's gas shortage, North Carolina Attorney General Roy Cooper announced Monday that several gas stations across the state will repay consumers thousands of dollars for overpriced gas.
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Newcomers face incumbents for sanitary district seats
Published: Friday, October 24, 2008 at 9:00 a.m. Last Modified: Friday, October 24, 2008 at 12:40 a.m. The Handy Sanitary District may be a small water system in the southern part of Davidson County, which also ...
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Local gas station issued subpoena in price gouging suit
The N.C. Attorney General announced Monday that his office is filing suit against Steve Compton, owner and manager of Tire Pro .
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Gas station owners agree to refunds
Some consumers who said they paid too much for gas last month are getting their money back.
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Buncombe Property Transfers
The following transfers were filed in the Register of Deeds office Sept. 29-Oct. 3. Arden * Lots 65-66 of Avery Park, $1,020,000, Charles D. and Rose Marie Levitt to Mary Tondreau Revocable Trust Asheville * ...
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Troy board regulates private clubs, adult establishments
Troy Town Board met Sept. 23 in a meeting reconvened from the previous week to deal with a proposed change to the town's zoning ordinance.
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Gas shortage hits area
Plastic bags started appearing on gas pumps around the county again last Wednesday night and Thursday the few stations with gas saw long lines of cars as people rushed to get what gas was available.
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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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