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Maxwell, 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 Maxwell, 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
| Maxwell, New Mexico News |
Honoring our heroes
Two events Saturday will pay tribute to Medal of Honor recipient Fernandez and other men and women of valor With his heroic actions on the battlefield in the Vietnam War, Los Lunas' Daniel Fernandez left an ...
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Candidates' campaign spending varies
The two candidates seeking the Democratic bid from voters Tuesday for the state House of Representatives District 68 seat that includes Colfax County have spent a combined total of more than $38,000 during their primary-election campaigns. According to campaign finance reports filed with the New Mexico Secretary of State's Office through Thursday - which left five days to spend even more money before election day - incumbent Thomas Garcia had spent $25,458.44 on his campaign and challenger Bengie Regensberg had spent $13,169.77.
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Mosquito control getting started
"There are now multiple mosquito-breeding sites throughout the tires" With snow falling Thursday morning, many people may not have been thinking about mosquitoes, but work is already underway in Raton and other parts of Colfax County to try to limit the number of those pesky, itch-causing, potentially disease-carrying insects that will be buzzing around this summer. This year, the means of battling the blood-sucking bugs is taking a slight shift. Paul Sandoval, president of Roadrunner Pest Control, the Albuquerque-based company contracted by the county to provide mosquito-control services, described his company's efforts as "working towards more mechanical solutions and less chemical." Read more
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Grass fire burns 1,000 acres southwest of city
A discarded cigarette butt is blamed for a grass fire that burned 1,000 acres late last week southwest of Raton. Fire officials who worked the Hoxie Fire last Thursday and Friday said the blaze was contained at 8 p.m. Thursday and was declared out at about 6 p.m. Friday. The fire was reported Thursday afternoon along N.M. 445, which runs between U.S. 64 and Maxwell. The fire could later be seen from Interstate 25 near Tenaja, according to a passer-by. As many as 25 firefighters and eight engines responded to the fire near what is known as Hoxie Junction, which is the intersection of U.S. 64 and N.M. 445. Fire departments from Raton, Maxwell, French Tract and Philmont sent personnel and equipment. Assistance also came from the NRA Whittington Center. Read more
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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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