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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Wells Bridge, 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 Wells Bridge, 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
| Wells Bridge, New York News |
Births for November 22, 2008
The following births were recently recorded at A.O. Fox Memorial Hospital in Oneonta: Nov.
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Otego blaze damages house
A fire Tuesday afternoon in Otego damaged an apartment house but injured no one.
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Plans for Wells Bridge plant making progress
Two industrial development agencies have approved loans totaling $175,000 to a family business that plans to open a plant for making grass and wood pellets to burn for heat.
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Loans granted for local business
Two industrial development agencies have approved loans totaling $175,000 to four residents who plan to open a plant for making grass or wood pellets to burn for heat.
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Keever - Gracey
Mr. and Mrs. Anthony Keever of West Oneonta announce the engagement of their daughter, Tracy Lynne Keever, to Jack Matthew Gracey, grandson of Calvin and Susan Haney of Wells Bridge.
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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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On the Bright Side: Local boy named Radio City finalist
ONEONTA _ Clark Oliver can pounce onto center stage like a lion _ a young lion. Clark, 10, of Oneonta, who will perform ``Young Simba'' from ``The Lion King'' on Saturday, was named a finalist after an audition ...
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Letters for May 8, 2008
"If you're looking for heroes, find the people who are busy defending the country against our government." Familiar? Though I don't have the privilege of conversation with the all the local "conservative," "patriotic" "Americans," I can make a good guess that most of them have called Joseph P. Brill, if they read ... via Daily Star
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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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