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Paterson, 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 Paterson, 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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Paterson, New Jersey News
Police Arrest Man Arrest In Connection With N.J. Murder

A 27-year-old man wanted for murder in Paterson, New Jersey was arrested by Newington police Monday at the Carrier Motor Lodge, 2660 Berlin Turnpike.


Former Paterson housing official gets three years in jail

A former high-ranking Paterson housing official has been sentenced to more than three years in prison for taking thousands of dollars in bribes.


Shoppers Snap Up Black Friday Deals

A woman carries three $8 winter coats at a Wal-Mart store in Secaucus, N.J., Friday, Nov.


Three injured in North Jersey church shooting

Three people have been shot, one critically, inside a North Jersey Church. Some 200 people reportedly were inside the Asian-Indian house of worship -- St.


For principal, literacy reigns supreme

After 27 years in education, Principal Armand Lamberti continues to model the behaviors he preaches.


Police Investigate Shooting At N.J. Church

Three people were shot Sunday at a church in New Jersey.The victims were taken to St.


Police Capture Man Who Shot Wife inside NJ Church

Police captured the man who drove across the country in pursuit of his estranged wife and eventually shot her dead inside a church in New Jersey yesterday.


Shooting At N.J. Church Leaves 3 Hurt, 1 Critical

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Continue reading "Three people shot, one dead, inside Passaic church"

A man shot his estranged wife, her cousin and a third person inside a Clifton church just before noon today, then fled in his Jeep, police said.


Gunman shoots 3 inside NJ church

Three people have been shot, one critically, inside a northern New Jersey Church.


Two supervisors suspended after DPW truck crash

PATERSON a ' Two Department of Public Works employees were suspended Friday without pay after being charged in an incident in which a DPW truck was totaled.


Court overturns OPRA fine against official

An appellate court has overturned one of the first fines ever lodged against a public official in New Jersey for violating the state's Open Public Records Act.


Misciagna of Ibew Local 164 Honored by Boys & Girls Club of Paterson & Passaic

D. Misciagna, assistant business manager for the International Brotherhood of Electrical Workers Local 164 and president of the Bergen County Building & Construction Trades Council, was honored by the Boys & ...


In TSA's arsenal: the nervous glance, the sweaty brow

Airport screener Rupesh Persaud still remembers the day he first discovered that the behavior detection training he'd received from the Transportation Security Administration actually works.


Governors of New Jersey, New York and Connecticut ask feds for $48 million to help financial workers

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Two N.J. Congressmen urge Christie to testify before Congress

Two New Jersey congressmen want resigning U.S. Attorney Christopher J. Christie to testify before Congress about a lucrative contract he awarded his former boss, John Ashcroft, who was attorney general during ...


Warminster man arrested in shooting of 3 in Bucks

Police yesterday arrested a man accused of shooting three people outside a bar in Warminster early Saturday.


NJ holdup man skips sentencing, gets 60 ...

A defendant who refused to attend his trial and was convicted of armed robbery also stayed away from his sentencing and has been handed a 60-year prison term.


Family of dead prisoner stunned by alleged suicide

After a burglary suspect strangled himself with a torn fragment of his shirt at Montclair Police Headquarters last Thursday, Nov.


Catholic bishops warn Obama they'll fight on abortion

The nation's Catholic bishops decided yesterday to fire an opening salvo at the incoming Obama administration, pledging to work with the new president on issues such as immigration and healthcare but also ...


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