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Grants, 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 Grants, 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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Grants, New Mexico News
Grant will fund Smokey's greenhouse

A $23,000 Daniels Fund grant has been awarded to Smokey Bear's Hometown Association to support a greenhouse project at the Smokey Bear Historical Park.


Public hearing on uranium exploration permit

The public will have an opportunity to comment on a Neutron Energy Inc. application to explore for uranium near Marquez in northeast New Mexico at a hearing on Nov.


McClure Hall rededicated tomorrow

McClure Hall, a facility at New Mexico State University-Grants named after former state senator Frank McClure, is being rededicated tomorrow at 11 a.m. The facility, which originally housed the Job Corps ...


Uranium mining company to host two Open Houses

Neutron Energy, Inc., would like to perform 'confirmation drilling' on the Juan Tafoya Land Corporation's Marquez Canyon property on Cibola County's eastside soon.


Escaped rapist captured near Grants

The second of two state youth inmates who escaped in Albuquerque on Saturday has been captured.


State announces availability of grants for preservation activities; deadline is Nov. 28

Grants for preservation activities as broad ranging as researching and drafting a State or National Register nomination, a cultural resources survey or planning an outreach event are available from the state, ...


Here is the latest New Mexico news from The Associated Press

Two Democratic legislative candidates running in the Albuquerque area have won seats in the state House, beating two Republican incumbents.


Risky behavior drops at schools

Reports on the Youth Risk and Resiliency Survey and graduation requirements for district high school students were presented at the meeting of the Grants/Cibola County School Board last week.


Family to receive Holiday cheer

Employees at Grants State Bank are looking forward to the holiday season. The spirit of generosity is a year-round tradition for GSB, and this year staff members will go shopping, do the wrapping, decorate and ...


Grants Police warn of strong-armed robber

Police released a warning to shoppers today informing them of a robber who is deemed armed and dangerous.


Aragon family satisfied with verdict

Alfego Aragon was killed on Nov. 22, 2003, and his family, including two sons and a daughter, has mourned ever since.


Economics of NM uranium mining debated

An environmental group is challenging claims that a rebirth of the uranium mining industry in western New Mexico would return thousands of jobs and billions of dollars to a region still hurting from the ...


Mayor, Senator exchange barbs

At the end of the Tuesday's City of Grants council meeting Mayor Joe Murrietta made a formal statement that he and Senator David Ulbarri had a heated discussion before entering the Democratic state candidate ...


Missing teen found safe

McKinley County Sheriff's deputies say they found a 15-year-old missing girl after receiving a tip on her whereabouts.


Game of the Week Spirit Poll: Grants at Belen

The Belen Eagles and the Grants Pirates are set to fight it out on the field in KRQE's Game of the Week.


-- Trial Begins Monday in 2003 Milan Killing

Angel 'Mouse' Arrendondo claims he shot 59-year-old man to death in self-defense. The first-degree murder trial of Angel "Mouse" Arrendondo in the Nov.


Arrendondo trial to start Monday

Angel Arrendondo, known locally by many as 'Mouse,' was in Cibola County for only several weeks in 2003 before he was involved in a major incident in Milan.


-- Grants Motel Robbery Suspects Arrested

Men allegedly handcuffed clerk, stun-gunned him and knocked him out on Oct. 8. Three Grants-area men are in custody, charged in connection with the Oct.


Loan approved for costs of recounts in NM primary

The state Board of Finance has approved a $41,111 loan to reimburse counties for costs of recounts in two races in the June primary election.


Good SAMa S Gets New Ride

When Jay Almquist arrived at the Grants Good Samaritan Center in 2007 as its new director, he found the elderly residents in serious need of a new means of transportation.


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