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Budd Lake, 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 Budd Lake, 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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Budd Lake, New Jersey News
Mount Olive nanny pleads guilty to shaking baby in her care

A 31-year-old Mount Olive woman, who initially told police she accidentally dropped an 11-month-old boy on his head, admitted to a judge this morning that she deliberately shook the baby for whom she was ...


Christmas spirit rises out of the ashes for Mt. Olive family

MOUNT OLIVE -- Christmas came 24 days early to one Budd Lake family who is struggling to get back on its feet after a fire destroyed all of their possessions two years ago.


Police Blotter

He was released pending a municipal court appearance. * Christopher S. Lehr, 50, of Boonton was charged at 11:11 p.m. Sunday with driving while intoxicated, reckless driving and an open container in a motor ...


Mt. Olive family goes all-out for Christmas

MOUNT OLIVE For the second year, Evan and Cynthia Arroyo's Tulip Avenue home is decked out with more than 20,000 lights that dance to the beat of 60 holiday hits.


Mount Olive schools want town to return $450K for sewer, water fees

MOUNT OLIVE -- The school board is due in federal court today in an attempt to end an ongoing battle with the township over sewer and water fees.


6 arrested after Budd Lake home search turns up pot, pills

MOUNT OLIVE - Five men and one woman were arrested Friday after police discovered marijuana, steroids, oxycodone and assorted drug paraphernalia at a Budd Lake home, police said.


Stank-Smith

ROXBURY -- Amy Elizabeth Smith and William Jason Stank were united in marriage at St.


Morristown job center opens its new doors

MORRISTOWN -- It all started from a small apartment in the Budd Lake section of Mount Olive Township in 1999.


Breakfast with the Clauses in Mt. Olive

MOUNT OLIVE --The Mount Olive Kiwanis is hosting its fourth annual 'Breakfast with Santa and Mrs.


Hiking, biking and roller blading to get a boost

MOUNT OLIVE TWP . Now that the township has preserved thousands of acres of land, officials said it's time to make them more accessible to residents.


Police Blotter

The warrants were for failure to appear in court on two separate traffic offenses.


Mt. Olive eyes $30K more for Budd Lake

MOUNT OLIVE -- There is no end in sight to Budd Lake's weed problem but the lake's health is improving.


Ciborski-Floyd

MOUNT OLIVE -- Tom and Noreen Ciborski of Budd Lake announce the engagement of their daughter Jennifer Ciborski to James Floyd of Long Valley.


Helen J. Kochy

3, 2008, after a lengthy illness. She was 94. Before residing in Landing, she lived in Dover, Woodbridge and Rahway.


White House pets, from puppies to ponies

President Franklin D. Roosevelt with his faithful Scottish terrier Fala. It's true: even the leaders of the free world need the support of their furry companions.


It has gone to the dogs

MOUNT OLIVE TWP. Three-year-old Bridie couldn't express herself in words but her owner, Ron Walker, could.


Problems linger from surprise snowstorm

WASHINGTON TWP. -- The season's first snowfall was more than an inconvenience to anyone who lives on Schooley's Mountain, which is still covered with a walloping foot of snow from Tuesday's nor'easter. ...


Utilities work to get lights back on for thousands still suffering from freak storm

Power is restored to most of the 10,000 customers in western Morris County who were without power for two days after a crippling snowstorm.


Effort to link Mount Olive trails beyond N.J. borders set to begin

MOUNT OLIVE -- Hikers one day may be able to start a trek to explore the sites along the ridges of the Appalachian Mountains in Georgia or the peaks of Mount Katahdin in Maine right from their backyards in the ...


Local blood drives offering incentives

The nation's lagging economy has claimed another victim -- the area's blood supply.


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