Alamogordo, NM FHA Loans in New Mexico
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 Alamogordo, NM 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 NM
| Alamogordo, New Mexico News |
Elections for education have begun
Early voting for the Nov. 4 election has begun. In addition to the national, state, and regional elections, you will see other items on the ballot.
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Court drops $400,000 lawsuit
A California man convicted in 2004 of false imprisonment and tampering with evidence had his $400,000 civil suit dismissed Oct.
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Alamogordo police logs
Julie Meyer, 24, of 1002 S. Florida Ave., was issued a Municipal Court citation for alleged shoplifting after she allegedly left Wal-Mart with $24.29 worth of personal hygiene products without paying for them.
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Wisconsin firm to restore Mexican Canyon Trestle
A contract for preservation and restoration of the Mexican Canyon Trestle was awarded to Osmose Railroad Services of Madison, Wis.
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Alamogordo police logs
Gilbert Jaramillo, 34, of Las Cruces, was arrested on a Municipal Court warrant for alleged failure to appear.
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Nightclub shooting suspect arrested in NM
An El Paso man accused of shooting into a crowd at a popular nightclub in his hometown has been arrested in southern New Mexico.
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Orwell's '1984' used for One City, One Book project
There's an omnipresent eye watching Otero County. It's the eye that became the symbol of George Orwell's 1949 book "1984," and the two movies that were made from it in 1956 and 1984.
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Aragon and Bigas to wed
Jeff and Janie Aragon, Lloyd and Linda Bigas and Gary and Lorena Manzanares are proud to announce the engagement of Joseph Bigas to Kristi Aragon, both of Tularosa.
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-- El Paso Fugitive Found in Alamogordo
Man wanted in Sept. 21 nightclub shooting that wounded 11 caught Saturday night.
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PCH joins local health network
Physicians Health Choice , a Medicare Advantage organization contracted by Medicare, is now a member of the White Sands Health Care System in Alamogordo, PHC regional market manager Oscar Gallegos announced ...
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Trinity Site opens to public
At 5:29:45 a.m. Mountain War Time on July 16, 1945, the world's first atomic bomb was tested at Trinity Site in the White Sands Missile Range.
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State rep vists books his legislation helped to buy
Rep. Nathan Cote, D-Las Cruces, visited New Mexico State University-Alamogordo last week to meet with library director Dan Kammer and see the text books acquired through state capital outlay appropriations ...
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Alamogordo police logs
A Kwik Stop employee in the 100 block of South White Sands Boulevard reported person wrote graffiti on a barrier pipe post in the store's west parking lot between 12:45 a.m. and 6 p.m. Sunday.
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Tenn. rapist gets 24 years in local attacks
A man convicted of rape in Tennessee was sentenced Monday in 12th Judicial District Court to 24 years in prison for attempted rape.
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Alamogordo police logs
David Hartley, 50, of Alamogordo, was arrested on a Municipal Court warrant for alleged failure to appear.
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Governor lends voice to Spaceport support
Visiting Alamogordo, New Mexico Gov. Bill Richardson spoke with community members at the Alamo Senior Center Monday in support of Spaceport America.
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Habitat gets a hand from Holloman
Since July 1999, Otero County Habitat for Humanity has built 21 homes, changing the lives of many low-income families in the area.
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Thanks, 'Team Alamogordo'
I'd like to offer my heartfelt thanks to the team of caring volunteers who made a difference in the lives of the airmen and their families at Holloman Air Force Base on the night of Sept.
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Gov. Richardson to speak in Alamogordo Monday on spaceport
New Mexico Gov. Bill Richardson will be in Alamogordo Monday afternoon to address a town hall meeting about Spaceport American, supports said Saturday.
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Alamogordo police logs
Eric. R. Reite, 20, of Holloman Air force Base, was arrested and charged with battery on a household member after allegedly battering his wife.
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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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