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Andover, NJ FHA Loans in New Jersey

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 Andover, NJ 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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Andover, New Jersey News
Housing rules spark debate

Affordable housing advocates have taken the offensive in the ongoing war of residency and status in the state.


Cops: Man crashed stolen truck into pole in Washington Twp.

WASHINGTON TWP. -- An Andover man who led police on a chase through Hackettstown and Washington Township crashed a stolen pickup truck into a utility pole on Schooley's Mountain Road late Sunday night, ...


Dentist's sex abuse trial may be delayed

Jury selection could begin today in the civil trial of an Andover oral surgeon accused of sexually abusing women while they were under anesthesia.


Local briefs for 8/27: Andover delays vote on development

At its Monday meeting, the Township Committee decided again to put off a decision on its controversial constraints ordinance.


Sussex-Wantage merger study under way

The Sussex-Wantage joint consolidation study commission hired former Sussex County administrator Greg Fehrenbach of Government Management Advisors LLC to serve as its study consultant.


Power lines put Fredon home in jeopardy

The house is a first and an only -- first frame house in Fredon and the only house in New Jersey that sits right under major electric transmission lines and in the path of a planned 500-kilovolt power line ...


Newton woman avoids serious injury in airborne Limecrest Road crash

A 79-year-old Newton woman avoided serious injuries Thursday afternoon when her Toyota Tercel ran off Limecrest Road and into a large drainage ditch during a heavy downpour, police said.


7 hurt in Andover wreck

Police say the driver of a SCARC bus lost control on Old Creamery Road and slammed into a wall.


Andover crash injures SCARC students

Seven developmentally disabled passengers complained of pain Wednesday after their bus struck a retaining wall on Old Creamery Road, police said.


Local briefs for : Andover Borough names senior of year

Doris Lewis, a longtime volunteer and Andover employee, is the Senior Citizen of the Year.


7 people with developmental disabilities hurt in Sussex County bus crash

Seven people with developmental disabilities suffered minor injuries this morning when their bus crashed into a retaining wall in Sussex County, police said.


Field report: Route 206

Here are the field reports from our Route 206 Munchers, who included six librarians from the Newark Public Library and two lifelong friends.


Freebie fest on Newton Green

Imagine a marketplace where everyone shared their skills -- be it a service, food or musical performance -- for free.


Teen confesses to stabbing

A Newton teenager admitted he repeatedly stabbed a 57-year-old woman in her face, neck and arm with a knife while he stole her purse in her Lincoln Place driveway three years ago.


Marion Kline Donnelly

MORRIS PLAINS -- Marion Kline Donnelly of Morris Plains, N.J., passed away on Wednesday evening, July 30, 2008, at the Morris View Healthcare Center.


Man gets 13 years for attack on Newton resident

Newton resident Doris Zayacz said she'll never understand why she was targeted for a April 30, 2005, knife attack in her Lincoln Place driveway.


Man gets 13 years for attack on Newton resident

Newton resident Doris Zayacz said she'll never understand why she was targeted for a April 30, 2005, knife attack in her Lincoln Place driveway.


Man gets 13 years for attack on Newton resident

Newton resident Doris Zayacz said she'll never understand why she was targeted for a April 30, 2005, knife attack in her Lincoln Place driveway.


Man gets 13 years for attack on Newton resident

Newton resident Doris Zayacz said she'll never understand why she was targeted for a April 30, 2005, knife attack in her Lincoln Place driveway.


Man gets 13 years for attack on Newton resident

Newton resident Doris Zayacz said she'll never understand why she was targeted for a April 30, 2005, knife attack in her Lincoln Place driveway.


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