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FHA Loans

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 borrowers 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.

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Astoria, Oregon News
Former Nirvana bassist is small-town politico

It's been a busy year for former Nirvana bassist turned politico Krist Novoselic .


Astorian Weekend Edition - July 1 By Meg of Joey in Astoria

Summer is always a great time in Astoria. You can go for a swim , do some yoga , or just sit in a cafe drinking a cold frappe in one of the Greek cafes on 30th Ave.


Body identified as drowning victim

A body recovered from the Columbia River Monday has been identified as 19-year-old William Small, the Clark County Medical Examiner's Office reported.


Judge fines former Port of Astoria director

The former director of the Port of Astoria has been sentenced to pay a $5,000 fine and spend a year on probation for a Clean Water Act violation stemming from the 2005 dredging season.


Motorist investiged in bird deaths at Ocean Park

Authorities say a young motorist repeatedly sped through shore birds at Ocean Park, killing dozens of them.


Selah School Interviews for Superintendent Spot

Now they're down to two. The Selah School District interviewed their final two candidates for their interim superintendent position.


Body on Clatsop Beach: police want ID help

Police are asking for the public's help in identifying the body of a man found early Wednesday evening at Clatsop Beach, about five miles north Seaside.


NOHA might pay July rent for those on housing assistance

The 285 Columbia, Clatsop and Tillamook county residents who were told they would lose housing assistance could be safe from eviction for at least one more month, if the Northwest Oregon Housing Authority board votes tomorrow to use reserve funds to pay residents' July rent.


Northern Oregon coast: Send a tip for a chance to win

Go fly a kite in front of Haystack Rock at Cannon Beach. Enter the "Send Terry on the road'' contest, for a chance to win a weekend getaway to central Oregon, by posting a comment with an Oregon travel tip on this Web site.


Ore. Lawyer: Car Sped, Not

But Akin said he had no idea his BMW 535xi was going 76 mph in a 55 mph zone because of its handling characteristics.


Giant ship makes a call at Portland's harbor wall

The World, which is visiting Portland for three days, is tied up at the harbor wall in downtown Portland along Tom McCall Waterfront Park.


Astorian Weekend Edition 18.06.09

On Thursday evening, Lift Hair Studio is holding a charity event from 6-9 p.m. Bring in your gently used blow dryers, flatirons, and curling irons and they will donate them to a women's shelter through Seeds of Love .


Ex-Ore. superintendent loses teaching license

A state licensing agency has revoked the teaching license of a former rural school administrator accused of mistreating his adopted teenage daughter.


Engineers scramble over Astoria bridge

Spiderman has nothing on these guys. Superheroes? Not really. But eight engineers from Ohio, specially trained in rock-climbing techniques, came to Astoria at the mouth of the Columbia River to do a bolt-by-bolt, rivet-by-rivet inspection of the part of 5.5-mile Astoria Megler Bridge linking Oregon and Washington that spans the shipping channel.


Search on for missing boater near Astoria, Ore.

The Coast Guard is searching for a man at Tongue Point near Astoria, Ore. Sunday. The man and another boater were operating a pleasure craft when they struck a submerged object causing the boat to flip.


Man pleads no contest to Astoria area campground shooting

ASTORIA - An Astoria man who shot a fellow camper has pleaded no contest to an assault charge.


Feds backfill job hunt funds for Boise workers

Nearly $600,000 from a federal grant will help pay back money spent for the professional training of workers who lost their jobs during the mass layoff of Boise Inc.


Ramblin' Man: Tsunami Warnings and Astoria, Oregon - Part 2

Editor's note: This is a P-I Reader Blog. P-I Reader Blogs are not written or edited by the P-I. They are written by readers, for readers.


9 year-old Oregon girl wins H3 Tours business plan competition with plan for unique dog treats.

Her business plan for uniquely flavored dog treats garnered a cash prize of $100. NEW YORK, NY, June 12, 2009 /24-7PressRelease/ -- Harlem Hip-Hop Tours is proud to announce that Warrenton, Oregon resident, Maia Mahoney, has won the top cash prize of $100 for her business plan about launching "The Pupcakery," a business that produces unique and ...


Historic Navy Boat Saved From Sinking

ASTORIA, Ore .-- The restored Navy motor torpedo boat PT-658 was saved from sinking after a multi-agency effort at the 2009 Portland Rose Festival in Portland, Ore.


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