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Monument, 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 Monument, 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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Monument, New Mexico News
Salute to Hillerman, writer missed already

My friend Tony Hillerman died, and I am saddened. Tony, 83, had been in poor health for several years.


Vivid skies over white sands

A hot-air balloon rises above a sand dune Sunday at White Sands National Monument, N.M., as Cristina Landeros, 7, of El Paso, Texas, slides down.


Mark Davison New Chief Ranger At SB National Monument

GERING, NE) Mark Davison has been selected as the new Chief Ranger at Scotts Bluff National Monument, in Gering, NE.


Re-opening of Gila Cliff Dwellings may be delayed

The Gila Cliff Dwellings National Monument may not be able to reopen as first hoped for the coming weekend, according to Superintendent Steve Riley, who closed the bridge to the monument Sunday out of safety ...


Flooding causes mess in northern NM

Two New Mexico towns are cleaning up after heavy rains caused flooding in Cimarron and Tent Rock this weekend.


Monument readies for annual night party on the dunes

Mike Mosier is the last to leave the park, first bidding farewell to fellow astronomers from across the nation, then saying goodbye to the vast dunes of white sand.


7 Days

Rio Rancho 'Music in the Park' Rio Rancho's Department of Parks, Recreation and Community Services proudly announces the start of its "Music in the Park" series.


7 Days

Rio Rancho 'Music in the Park' Rio Rancho's Department of Parks, Recreation and Community Services proudly announces the start of its "Music in the Park" series.


New fighter jets to arrive at southern NM base

Officials at Holloman Air Force Base are celebrating the arrival of the Air Force's newest aircraft with a week of events.


Little Argus

Harding-Webster Dance Studio will present "Dance it! 50s Style" at 6:30 p.m. today at the Walter Gerrells Performing Arts Centre. via Carlsbad Current-Argus


Lab Notes: Supercomputer challengers come to town

"It is not my intention to fund the administration's $10 million request in '08."

Utilities' forecast looks stable; regular rate increases projected A woman recently called the Los Alamos utilities department, concerned about a large bill. via Los Alamos Monitor


Utilities' forecast looks stable; regular rate increases projected

"We are buying 25 percent of our power (from outside sources). I don't like it."

Bandelier dedication marked by state award The cavates in Frijoles Canyon in Bandelier National Monument were listed on New Mexico's most endangered list of historic places just 10 years ago. via Los Alamos Monitor


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