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Cranston, RI FHA Loans in Rhode Island

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 Cranston, RI 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 RI

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Cranston, Rhode Island News
MERI Day of Service

To help provide for basic needs in Providence during the holiday season, Marriage Equality Rhode Island calls upon the community to join in a "MERI Day of Service" on Wednesday, December 10 at the north ...


1 killed, 2 hurt in Route 10 crash

A man was killed and two people were hurt in a crash on the Cranston-Providence line.


Cranston mayor and successor disagree over pension payout

The mayor and the mayor-elect have each voiced a desire for a smooth transition as one man takes over for the other, but they disagree on one issue: whether the city should provide work-related disability ...


Mumbai attacks indirectly touch R.I. Indian community

Vibha Shah and her husband, Fenil Shah, who live in Barrington but are from India, have many family members remaining in India, in the suburbs outside of Mumbai -- both sets of parents, her brother and sister, ...


One dead in Thanksgiving night crash

The police have not identified the three people riding in a black Jaguar that slammed into a chain-link fence on Niantic Avenue, killing the driver late Thursday evening.


One Killed, Two Injured in Cranston Crash

ABC 6 News has learned that one person has died as a result of injuries sustained in a single-car rollover crash in Cranston Thursday night.


Serious Car Accident in Cranston Sends 3 to Hospital

ABC 6 News is covering Breaking News out of Cranston, where a car accident has sent 3 people to the hospital.


Debate continues over state's new sex-offender bill

Late in June, in the waning hours of the General Assembly's 2008 session, a law passed making it a felony for any registered sex offender to live within 300 feet of a Rhode Island school.


I-Team: Performers waiting for their paychecks

Many of the nationally known performers who played at the Italian Arts and Music Festival in Providence in August are still waiting for their checks.


R.I. union employee faces bribery charge

A Cranston, R.I., labor union employee was arrested yesterday for his alleged involvement in an illegal payment conspiracy between the union and two construction companies following an FBI investigation that ...


Cranston woman's bout with breast cancer launches new business

It's hard to slow Barbara Manni down. The 41-year-old mother of two has always thrown herself into everything she does -- whether it's golfing competitively or making crepe-paper kelp and hanging dangling ...


Cranston eyes savings in face of deficit

There were no easy answers last week as the mayor, City Council, School Committee and members of the local State House delegation met to discuss a looming budget deficit, but when they finished, it was clear ...


Down and Out at Thanksgiving

Many social advocates across Rhode Island point to a "perfect storm" of adverse forces -- the fiscal crisis, budget deficits in RI, the foreclosure mess, high unemployment, etc.


Police investigate assault on officer

The Cranston police chief says his department is investigating a felony assault on an officer in that city.


Pawtucket: The place for families

A few citizens and businesspeople in Pawtucket initially expressed shock upon hearing the news: that BusinessWeek magazine had declared their fair city as the best, most affordable "community" in which to raise ...


Tillinghast, 17 Others Arrested and Arraigned

Authorities cast a net across Rhode Island today for 18 suspected mobsters. ABC 6 reporter Julie Ruditzky has the full story... PLUS, Here's a Rundown of the Full Indictment List: The following people are ...


With eye on deficit, communities plan for lean times

As state leaders wrestle with a second-straight year of mid-term budget cuts, mayors and managers across Rhode Island are looking at everything from later bill payment schedules to union concessions to offset ...


Cranston pedestrian victim ID'd as 86-year-old

The police today said 86-year-old Luetta Burnham, of Cranston, was the woman who died after being struck by a vehicle as she was crossing Cranston's busy Reservoir Avenue yesterday.


Benefit tonight, protest tomorrow for Marriage Equality RI

Marriage Equality RI has a benefit tonight . . . Cranston - Although the Ocean State is now officially the "Island of Inequality" when it comes to equal marriage rights for its gay and lesbian citizens, hope ...


DNA expert testifies in murder trial

Court-appointed defense lawyer Mark Smith waived his right to present an opening statement and immediately called his first two witnesses yesterday as the prosecution rested its case in the murder retrial of ...


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