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Highland Lake, 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 Highland Lake, 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
| Highland Lake, New York News |
Man dies in Barryville lodge fire; caretaker unaccounted for
A man has been killed in a fast moving fire at the Hickory Haven Lodge in Barryville.
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One dead in Sullivan County fire
There is one fatality reported in a fire that broke out at the Hickory Haven Lodge at about 8 a.m. on Tuesday.
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Birth, death and milestones in between
Tannis Kowalchuk is back. The last time Kowalchuk, co-artistic director and one of the leading lights of the NACL Theatre, appeared on stage, was late February in Colgate, NY, in the company's production of ...
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Arts & Leisure
'The Garden of Earthly Delights,' by David Tinsley, will be one of the works on display at the exhibition of his work opening at River Gallery-The Art of Living in Narrowsburg, NY on Saturday, October 4. ...
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A Cigar Encounter of a Third Kind
Most of my interaction involving cigars goes in one of two possible directions: I encounter people who either love and want to have a smoke or people who hate them and want me to put mine out.
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NACL Theatre offers summer workshop for teens
NACL Theatre in Highland Lake, will hold a Teen Summer Workshop July 21-25. The hours are 10 a.m.-5 p.m. and the registration fee is $325 and includes lunch. via RecordOnline.com
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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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