Ilion, 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 Ilion, 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
| Ilion, New York News |
Florence M. Studer, 101, East Martinsburg
Florence M. Studer, 101, of Clifton Fine Skilled Nursing Home, Star Lake, died November 18, 2008 early in the afternoon, where she has been a resident since December of 2004.
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Ilion "Goes Green" With Street Lights
The Village of Ilion is taking the first steps, in a multi-year transition, to convert all the street lights to L.E.D. bulbs.
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New Ilion Fire Chief introduces plan
By Eric Monnat Ilion, N.Y. - When new Ilion Fire Department Chief James Trevett took over the village's fire and codes departments, he wanted to put an emphasis on codes compliance.
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NIE Pet Calendar deadline nears
By Eric Monnat Herkimer, N.Y. - Along with books and magazines, newspapers are a valuable tool in promoting literacy and instilling knowledge in anyone who reads them, particularly children.
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Trash, litter take away from beauty of the gorge
By Eric Monnat lion, N.Y. - For its natural appearance, especially with the fall foliage in full effect, many people enjoy taking a leisurely drive through the Ilion Gorge to soak up the scenery.
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Ilion Teen Faces Numerous Charges
A chase that started in Ilion and ended in Schuyler has led to numerous charges against an Ilion teen.
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Ilion man charged with sex abuse
An Ilion man is accused of a sex crime involving a child. Bradley Ettelt, 25, is charged with one count of use of a child under the age of seventeen in a sexual performance.
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Police: Two face charges in robbery of Medicine Shoppe in Ilion; Involved in other incidents too
Two people are facing charges following what is believed to be an armed robbery of the Medicine Shoppe Pharmacy on Central Avenue in Ilion Friday morning.
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Jackson - Burch
Shelley Danielle Burch and Edward R.L. Jackson were married June 1 in Ilion. The bride is the daughter of Orlo and Cindy Burch of Hartwick.
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Step Back in Time
Step Back in Time features community news from The Daily Star 25 and/or 50 years ago.
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DeRocco - Van Vranken
Vanessa Van Vranken and Jason DeRocco were married May 17 at the Cornwallville Church at The Farmers' Museum in Cooperstown.
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Ilion man dies in motorcycle accident
A 40-year-old Ilion man died Sunday from injuries suffered in a motorcycle accident on State Route 49 in Marcy, Onieda County Sheriff's deputies said.
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Ilion man charged with rape
Ilion police arrested a 20-year-old Ilion man for allegedly engaging in sexual intercourse and sexual conduct with a person who was under the age of 15.
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New Volunteers appointed as Child Advocates
The volunteers are: Candy Warner, Amy Miller, both of Rome, Robin Simmons, of Barnevald, Alene Bosquet, of Ilion, Carol Simpson, of Utica, Shirley Van Marter, of New Hartford, Stephen Dudzik, of Clinton, Lisa ...
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South Valley
By CAROL BRODIE Our garden this year is doing well, but last week was surely hard to do much in it with all the rain we received and the constant thunderstorms off and on throughout the week.
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51st candidates tout union endorsements
Caroline Town Supervisor Don Barber, a Democrat running for the 51st seat in the state Senate, has won the endorsement of two labor unions.
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Poker Run nets funds for CMN and Ilion PBA
By David Robinson Ilion, N.Y. - At Crossways Tavern in Ilion on Saturday, the last stop of the inaugural Big Wheel Poker Run for Children's Miracle Network, brave patrons took a ride on a kids three-wheeler. ...
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Poker Run nets funds for CMN and Ilion PBA
By David Robinson Ilion, N.Y. - At Crossways Tavern in Ilion on Saturday, the last stop of the inaugural Big Wheel Poker Run for Children's Miracle Network, brave patrons took a ride on a kids three-wheeler. ...
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Ilion Woman Arrested on Felony Charge
New Hartford Police arrested an Ilion woman after an alleged shoplifting incident at the Sangertown Mall.
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Herkimer, Ilion to share pirate event
By Eric Monnat Herkimer, N.Y. - It's not everyday that pirates operate vessels along the Mohawk River/Erie Canal.
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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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