Aragon, 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 Aragon, 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.
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| Aragon, New Mexico News |
Helen Davila
Helen Davila, 83, passed away Wednesday, Sept. 24, 2008, at her home in San Antonio, N.M., surrounded by her loving family. She was born May 28, 1925, near Aragon, N.M., to Henry and Josefita (Castillo) Carrejo. Helen was devoted to the San Antonio Catholic Church, where she served for many years as Marydomo and taught CCD classes. She was a very caring and giving person and would deliver food to those who were homebound and would pray for those in need. She was preceded in death by her son, Charlie Davila; brothers: Ramon and Mike Carrejo; brother-in-law, Phil Chavez; and granddaughter, Mary Helen Davila.
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Paublita Gutierrez
Paublita Padilla Gutierrez, 85, a lifelong resident of Aragon, N.M., entered into eternal rest Monday, May 5, 2008, in Aragon. A prayer vigil was at 6 p.m. Friday, May 16, 2008, led by Juan Aragon. A funeral mass was Saturday, May 17, at Santo Nino Church. The rite of committal and internment was at the Aragon Cemetery. Paublita was born Jan. 26, 1923, in Aragon, to Lorenzo and Marcelina (Romero) Padilla. She was employed by the Senior Program and Goodwill Industries of New Mexico in Reserve, N.M.
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Blaze burns up to 600 forested acres in central N.M.
"It didn't have any of the significant torching or running up hill, so that was a really good thing for us" Firefighters were struggling Wednesday to corral a blaze that has burned 400-600 acres in steep, rugged terrain in central New Mexico's Manzano Mountains. via Las Cruces Sun-News
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Domenici says goodbye
U.S. Sen. Pete Domenici, R-N.M., spoke to New Mexico lawmakers on Monday and shared this story: "Almost 20 years ago, I spoke at the annual meeting of the New Mexico Electric Cooperatives down in Ruidoso. via Clovis News-Journal
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County hears MainStreet update
"However, the commission still needs to approve the funds" "Both the Fire and Ice Motorcycle Rally and the holiday Electric Light Parade have grown by leaps and bounds," MainStreet President Donald Jaramillo told the Cibola County Commission at its Monday meeting. via Cibola County Beacon
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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