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Allentown, NY FHA Loans in New York

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 Allentown, NY 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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Allentown, New York News
The final push for Latino vote

Obama volunteers Naomi Silie and Annelisa Gadea spent Saturday in Allentown, Pa.


Baseball-bat attack puts man in hospital

A Mariner Street man remained in fair condition in Erie County Medical Center late Friday after being beaten in the forehead with a baseball bat inside an Allentown bar early in the morning, authorities said.


Uganda: Children & War

Currently on view at El Museo in Allentown is the work of social documentary photographer Errol Daniels.


Car-sharing idea rolled out for Buffalo

In a city where nearly a third of all households don't own a vehicle, organizers of a proposed car-sharing program for Buffalo think their vision has potential.


Reporters' Notebook/

Get your motor running and head out on the highway to the Hog Farm's 25th annual Hog Laborday Holiday at - where else? - Hogarosa Private Campgrounds outside Springville, beginning today.


Panhandler sentenced to 3 years for assault

Buffalo panhandler Steven D. Hicks was sentenced Wednesday to three years in prison for attacking an Allentown bar patron who refused to give him money May 15.


Kissling ready to convert city building

New York investor Tony Kissling has unveiled development plans for the former National Casket Co.


Garden Walk Buffalo runs until 4 this afternoon

The final day of Garden Walk Buffalo, a free tour of more than 300 urban gardens, takes place today until 4 p.m. Maps are available online at www.buffalonews.com. Expanded maps, with descriptions of the ...


Garden Walk Buffalo runs until 4 this afternoon

The final day of Garden Walk Buffalo, a free tour of more than 300 urban gardens, takes place today until 4 p.m. Maps are available online at www.buffalonews.com. Expanded maps, with descriptions of the ...


Red Clay Rocks Allentown

I'm not sure what it is about the summer weather, but the heat tends to bring out some of Buffalo's most exciting art.


Red Clay Rocks Allentown

I'm not sure what it is about the summer weather, but the heat tends to bring out some of Buffalo's most exciting art.


More in Buffalo need help

Here's what's really frightening about this latest economic downturn: an increasing number of people are being caught in the net of poverty.


Billy Joel ready for final concerts at Shea Stadium

Billy Joel performs in the first of 10 sold out concerts at Mohegan Sun Casino in Uncasville, Conn., Friday, May 23, 2008.


Governor should sign residential restoration bill

Imagine your community's wonderful historic homes and buildings restored to their former glory or rehabilitated for new uses.


Actress relishes her many roles

Loraine O'Donnell, an actress who came to Buffalo because of its many performing opportunities, sings a tribute to Tim Russert at the Carvings for a Cause fundraiser in June.


Agencies that help the poor are straining to keep up with the need

People wait for Friends of Night People to open for dinner. It has served 4,000 more meals the first half of this year than in the same period last year.


As Seen on News 4

Rural Metro courses Online auction to benefit Kevin Everett Foundation Ruben Brown's Motorcycle Run Click here for more info on Ruben Brown's Motorcycle Run Buffalo Niagara Riverkeeper Ringo Starr 10th ...


Allentown Art Festival and Juneteenth Festival in Buffalo

Some big festivals get underway in Buffalo this weekend. The 51st Annual Allentown Art Festival takes place Saturday and Sunday along Delaware Avenue and Allen Street in the city's Allentown District.


ART: Allentown Art Festival returns

This weekend is that special time in June where Allentown closes its streets and opens its arms to thousands of people, and Father's Day might just have to take a back seat to the Allentown Art Festival, the ...


High Style

I grew up in Kenmore, but I'm a city boy now, and it's rare that my friends and I get out to the bars in the 'burbs. But we recently stared down the high price of gas and trekked out to Amherst to check out ...


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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"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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