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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Diamond Point, 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 Diamond Point, 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.
Return to fha loans in the state of NY
| Diamond Point, New York News |
It's a Monster Mash
13, 2008's Monster Mash to benefit the Double H Ranch at the Hall of Springs in Saratoga Springs.
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Lake George woman killed in drunken-driving crash
A local woman who was a passenger in a 2008 Honda Civic was killed Sunday in a one-car accident in which the driver was arrested on a drunken driving charge.
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A queen entices kings
Alas, $1 million doesn't buy much on the Queen of American Lakes anymore. "It boggles my mind when I give a client a monthly bill for $500,000 and they just open their checkbook and write me a check without ...
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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