Pompton Plains, 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 Pompton Plains, 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.
Return to fha loans in the state of NJ
| Pompton Plains, New Jersey News |
U.S. Consumer Loan Aid Will Trickle Only So Far
If you're buying a home, refinancing a mortgage or seeking an auto or student loan, the new government plans to make borrowing cheaper and easier sound like a gift.
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What Citigroup Layoffs Mean for Customers
Citigroup's layoffs a ' part of a plan to cut about 53,000 jobs in coming quarters a ' represent the latest bad news to drop on the financial sector and the economy.
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JOHNSON-WILSON
Stephen Wilson, here, and Allison Wilson, Manasquan, have announced the engagement of their daughter Ashley Noel to Anthony Joseph Johnson, both Hoboken.
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James E. Forrest, 1928-2008
Jim Forrest, president of Forrest Manufacturing Company, Inc. , makers of premium saw blades for the woodworking industry, died Nov.
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PEQUANNOCK - Locals collecting food for needy
With the wintertime coming and the economy stumbling, food pantries are hurting more than ever, and need help from local residents.
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Morris seniors get help moving on to the next phase of their lives
Vincent Keegan moved to Cedar Crest in Pompton Plains in late August, after Morris County's largest senior retirement community helped him sell his Rockaway Township home.
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For charged with stealing from churches in Bergen, Morris and Passaic counties
Four people who appeared to be devout churchgoers were indicted this morning on charges of stealing from seven churches in Morris, Passaic and Bergen counties.
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Pompton Plains man admits distributing kiddie porn
A 44-year-old Pequannock man pleaded guilty to distributing child pornography on the Internet in state Superior Court in Morristown on Wednesday, authorities said.
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Police blotter
He was released on $334 bail. * Darla Farnese, 30, of Boonton as charged with theft of a customer's funds at a Madison Avenue bank she works at.
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At 72, he still has marathon fever
PEQUANNOCK -- Many of Bernie Papa's friends have had hip replacements or knee replacements or get around with the help of walkers, but Papa, 72, is still running.
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Fed cuts key interest rate
The Federal Reserve Board Wednesday cut a key interest rate to 1 percent from 1.5 percent in an attempt to make loans more affordable and stabilize the economy.
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Authorities raid Buda Bar in New Brunswick for underage drinking
Two bartenders and nine patrons at the Buda Bar and Grill were arrested Thursday, Oct.
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Ritter~McKeown
Tiffany Lynn Ritter and Brendon John McKeown were united in marriage Friday, Sept.
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Morris grand jury indicts man on 40 counts of sex with teen
A 42-year-old Riverdale man accused of sexually assaulting a 15-year-old girl over a four-month period was indicted Tuesday by a Morris County grand jury, the Morris County Prosecutor's Office said.
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PEQUANNOCK - Citizens nab alleged thief
Police were called to the area of Commerce Bank on Jackson Avenue in Pompton Plains Oct.
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WANAQUE - Valley View developer wants age restriction lifted
The developer of a pending active adult housing complex is reworking its site plans and asking borough officials to approve them.
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Herma Gould Darrow
6, 2008, surrounded by her loving daughters, after a long, courageous battle with cancer.
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PEQUANNOCK - Council sets aside $400K for Village sewers
Over heavy protests from some residents, the Township Council voted unanimously to appropriate $400,000 for the design of the Village Area Sewer Project at its Tuesday, Sept.
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Breaking down the interest rate cut: How it may affect ...
The Federal Reserve's cut in its benchmark interest rate Wednesday could put more money in your pocket - or take some out.
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Condo complex takes energy-efficient bow
Green was the color of the day in Jersey City yesterday, as the ribbon was cut on the m650 Flats - a 22-unit condo complex on Montgomery Street with a high emphasis on energy efficiency.
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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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