Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

Freeport, 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 Freeport, 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

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Freeport, New York News
Four charged after social club raid

A late-night raid by law enforcement officials led to the closure of a West Hempstead social club and the arrest of four men on Saturday, Nassau County district attorney's office officials said Monday.


Li Gal Tries to Kill Boyfriend with Broken-Bottle

A Boston College student from Long Island snapped today while arguing with her engineer boyfriend - and stabbed him in the neck with a broken beer bottle at an East Village nightclub, cops said.


Some In Deadly Wal-Mart Stampede May Be Charged

We're used to seeing scenes like this across the country -- people running, pushing, trying to get their hands on the great bargains.


Hempstead Town to improve tide gauge system

To better monitor the bay waters surrounding Hempstead Town, Supervisor Kate Murray has proposed a resolution to expand and modernize the town's tide gauge system.


LIRR Service Not Yet Entirely on Track

Customers are advised to anticipate schedule changes that include some delays and cancellations.


12 LIRR trains to be canceled for Monday morning

NEW YORK - A Long Island Rail Road train derailment that caused major damage to rails and switches at Jamaica Station yesterday will disrupt the morning rush hour, prompting 12 morning westbound train ...


Nassau County looks to increase minority hiring

Via Acquire Media NewsEdge) Nov. 23--Nassau County, one of the most segregated suburbs in America, wants to hire a consultant to help draft an affirmative-action plan designed to bring more minorities to the ...


Man killed in Freeport fire

One person was killed in a fire at a Long Island home Thursday night. Nassau County authorities say 51-year-old Jeanmarie Rosalbert was found in a second-floor bedroom in a burning home in Freeport.


Guy Lombardo Marina gets upgrades

Preserving the shoreline is a top priority for Hempstead Town and that's why Supervisor Kate Murray and Councilwoman Angie Cullin announced the completion of 2,800 feet of bulkhead built at Guy Lombardo Marina ...


5 face crack charges after Freeport raid

A Nassau County narcotics squad raid on a Freeport home Tuesday resulted in the arrests of five men on crack cocaine charges, police said.


Nassau's minority turnout -- Just above '04?

Clearly there are still questions to be explored about Election Day results. An example: As Newsday's Celeste Hadrick reports, Nassau election officials are puzzled over a relatively low turnout in minority ...


Retailers see surge in holiday job applicants

The odds of landing a part-time job at department store operator Bealls Outlet Stores Inc.


Cops: House cleaner stole checks

Nassau police detectives Tuesday arrested a Freeport woman and charged that while working as a house cleaner at a Massapequa home, she took bank checks from her employer and forged them for a total of $7,000. ...


Stores seeing surge in job seekers

The odds of landing a part-time job at department store operator Bealls Outlet Stores Inc.


Man charged with beating boy is personal trainer

Before he was arrested on charges of beating his girlfriend's 6-year-old son, Anthony Badalamenti was a bodybuilder and personal trainer with a seemingly bright future.


The Rev. Rainie Addison of Freeport dies, 88

The Rev. Rainie Addison, a Freeport pastor who literally built the Free Will Baptist Church on North Main Street from the ground up, has died.


Questioning If School District Will Lose Out

When Town of North Hempstead Councilman Robert Troiano announced at the Central Westbury Civic Association meeting last March that he and the town had successfully renegotiated the PILOT agreement with Neptune ...


Firefighter's Day in Hudson

On Sept. 21, members of the Albertson Hook and Ladder, Engine and Hose Company No.


Man charged in theft of music equipment

Nassau County detectives on Friday said they have tracked down and arrested a Freeport man in the June theft of a microphone stand and other musical performance equipment.


Tax Hikes, Spending Cuts Proposed In Nassau County

Oct 20, 2008 7:39 pm US/Eastern Reporting Jennifer McLogan MINEOLA, N.Y. Nassau County is feeling the squeeze, meaning residents may soon be paying more for less.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"...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.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)