Mastic Beach, 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 Mastic Beach, 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
| Mastic Beach, New York News |
Another cabbie fatally shot
For the second time in four days, a Long Island cabdriver has been shot and killed on the job.
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Wintour Not Joining the Obama Administration
This week rumors emerged that Anna Wintour would leave Vogue when her contract expires soon.
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Southampton Town Police reports
James Reid, 27, of Hampton Bays was arrested by Southampton Town Police on November 12 at 2:17 a.m., near the intersection of Shrubland Road and County Road 39, and charged with aggravated unlicensed operation ...
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A soldiers' story of true friendship
They liked each other immediately. Rene Rivera and Sam Cila met six years ago outside the 69th Regiment Armory in Manhattan.
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'Mr. Brownstone' is dead
Santo Mattarazzo was working on his last sculpture - a bust of Barack Obama - when he died last week at age 79.
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Former teacher artfully prolonging passion
In the predawn hours of Jan. 28, 2005, unable to fall sleep, Lou DeCaro sat up in bed, pondering what to do with the rest of his life.
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Teen skateboarder hit by car still serious
A Mastic boy riding a skateboard was seriously injured Friday when he was hit by a car, police and witnesses said.
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State: Boy, 6, Died After Wrong Acid Reflux Diagnosis
A New York State Health Department investigation has found that a 6-year-old boy died last year after a hospital misdiagnosed a heart defect as acid reflux disease, Newsday reported Thursday.
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More suspects nabbed in alleged cocaine ring
Three more suspects have been arrested and charged in connection with the break-up of a cocaine ring last month in East Hampton, Police Chief Todd Sarris has announced.
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Massachusetts man charged in stabbing death of Long Island man
RIVERHEAD A Massachusetts man has been charged with first-degree manslaughter in connection with the death of a Mastic Beach man over a year ago.
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The invisible Caesar Trunzo
Feel some compassion, if not for Caesar Trunzo, then at least for his campaign manager.
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15 arrested for DWI
Fifteen people were arrested for driving while intoxicated over the weekend at DWI checkpoints set up by area police.
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Five men caught in 'john sting'
A so-called "john sting" in Mastic and Shirley led to the arrest of five men for quality of life offenses Thursday, the Suffolk County police said.
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Suit claims Woodbury hospice nurse mistreated newborn
Theresa Barth's baby was born unable to see, hear, swallow or cry last October. The doctors told her that he would live a month, maybe.
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Suffolk plans mosquito spraying
Mosquitoes beware. Residents, be prepared. The Suffolk County Department of Health will spray parts of Fire Island and Brookhaven Town on Wednesday and Thursday nights to prevent the spread of mosquitoes.
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Mosquitoes with West Nile found in Huntington
West Nile virus has been found in two more mosquito samples collected this month in Huntington , Suffolk County Department of Health officials confirmed on Wednesday.
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Southampton Town Police reports
A 16-year-old boy from Southampton was arrested by Town Police on Sunday at 2:01 p.m. on Flying Point Road and charged with petit larceny, a misdemeanor.
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Effects of Sunday storm linger
A severe electrical storm blew through Southampton Town on Sunday, and a day later, East Quogue was still suffering from power outages.
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Two east end cocaine distribution rings targeted; 17 arrests thus far
Suffolk County District Attorney Thomas Spota Tuesday announced the arrests of 17 people after a year-long investigation of cocaine trafficking by the East End Drug Task Force in eastern Suffolk County.
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Three shot, two dead in Bohemia
BOHEMIA Suffolk County Police are investigating the shooting death of two people at a Bohemia office building on Friday.
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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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