Old Westbury, 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 Old Westbury, 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
| Old Westbury, New York News |
Report: Fares To Rise On Express Bus, Subway Rides
Nov 19, 2008 7:44 am US/Eastern Reporting Christine Sloan The MTA will present its budget Thursday, but details of the agency's plans to close its deficit are emerging.
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The Test (SAT) Passes, Colleges Fail
In the 1990s, several SUNY campuses chose to raise their admissions standards by requiring higher SAT scores, while others opted to keep them unchanged.
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NYIT security guard charged with stealing electronics
A New York Institute of Technology security guard was arrested Monday and charged with stealing more than $15,000 in electronic equipment including televisions, computers and projectors, Nassau police said.
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Eight video artists make some noise
The new art exhibition "Sonic Youth" takes its name from the alt-rock band that hit its stride as the eight video artists in the show were coming of age in the early '80s. Musical themes in the SUNY College at ...
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London Jewelers, Omega host watch-making event
Omega brand president Gregory Swift and London Jewelers owners Mark and Candy Udell donned watchmakers' coats at the Oct.
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Doctor is guest speaker Wednesday
Pediatrician Claire Stutzman, D.O., will talk about 'Good Nutrition for Healthy Children' at the Nov.
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Mourning NYPD officer killed in Afghanistan
Sgt. Deon Lamarr Taylor, the New York City police officer and Army National Guard reservist killed while serving his second tour of duty in Afghanistan, was remembered yesterday by Mayor Michael Bloomberg and ...
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Applications up to state schools and universites
Inside the gym at Sachem High School East last month, the crowds told the story: Parents and students stood four, maybe five, deep around the tables for the SUNY campuses.
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Cuomo: LIRR disability program badly overseen
Attorney General Andrew Cuomo castigated the agencies that had oversight over the Long Island Rail Road 's pension system at a hearing Monday into possible abuse of the system.
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Easy Ticket To Ride The Gravy Train
A culture of fraud and entitlement was so pervasive at the LIRR that retiring employees were told they would be "fools" for not cashing in on easy disability payments, an investigator into the Gravy Train ...
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Police blotter
Interstate 684: Troopers from the Somers barracks arrested four people on drug charges after a traffic stop Oct.
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NYIT to Host CERT Training Classes
Local residents are being encouraged by Nassau County officials to become a CERT member.
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NYPD cop killed in action in Afghanistan
Police Officer Deon L. Taylor, who was killed in action Oct. 22 while on duty with the U.S. Army in Afghanistan.
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Viral meningitis reported at Old Westbury school
A student at The Wheatley School in Old Westbury was diagnosed with viral meningitis Thursday, according to a letter sent to parents by principal Sean C. Feeney.
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Upping the ante on fake IDs
For Rob Luckett, it was a matter of handing $50 over at a Manhattan tattoo parlor.
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Working Toward A Cure ... With Chocolate
The message on the chocolate bar reads: "Two Long Island high school students whose lives have been touched by the devastating effects of breast cancer are hoping to make a difference." Motivated by both ...
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Metropolis' Amaral wins Met PGA Championship
OLD WESTBURY - Metropolis Country Club assistant Colin Amaral shot a 1-under-par 71 to win the Met PGA Championship at Glen Oaks Club.
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Escaped murderer sentenced for bank fraud, identity theft
NEW YORK A man, who escaped from jail in Puerto Rico where he was serving a 27-year sentence after having been convicted of murder and other crimes, was sentenced Monday just under four years in federal prison ...
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Ahmadinejad Gets a Warm Reception
Booed by Columbia University students a year ago, President Ahmadinejad of Iran early yesterday received a much warmer reception from 400 American students and professors at the Hyatt hotel in Midtown ...
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Over 60...and Getting Younger
As I walked into Dr. Narayan Hegde's class, at SUNY Old Westbury, entitled "Sin and Sexuality," he quipped "Here comes my groupie, Dr.
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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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