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Slatersville, 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 Slatersville, 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
| Slatersville, Rhode Island News |
Hamilton details plan to add recreation programs
Town Administrator-elect Paulette Hamilton has outlined one of her first major initiatives once she takes office next Monday, Dec.
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Lowe, Hamilton jockey for position with high number of new voters expected
The feverish campaigns of incumbent Town Administrator Robert Lowe and challenger Paulette Hamilton picked up even more steam in the restaurants, roadways, and apartment complexes of North Smithfield last week.
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Slatersville's centerpiece steeple stabilized
The once-teetering Slatersville Congregational Church steeple, beautiful even in its old age, has been given new life.
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Love Stories: Pat Vanasse and her grandson, Benjamin Souza
Benjamin, 4, calls his grandmother RiRi. "I couldn't say Grandma at first so that came out." Pat Vanasse has helped care for Ben since he was born to her daughter, Nicole Houle, on March 25, 2004.
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Contest Awards Projects Using Fortune Contract Carpet
Last month, at NeoCon World's Trade Fair in Chicago, two firms earned a nod for their design-savvy use of Fortune Contract carpet.
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A couple's 'perfect life' ends abruptly; a family asks why
"It's really hard to bury the sister you loved with the man who killed her." The cemetery of St. John the Evangelist parish sits on a hillside, overlooking the Slatersville Reservoirs, just south of the white-steeple church. via Providence Journal
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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