Slocum, 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 Slocum, 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
| Slocum, Rhode Island News |
Campion tapped for chief
Fighting fires and responding to alarms since he was a teenager, Patrick Campion has climbed his way to the top of the ladder after being chosen as the next chief of the North Kingstown Fire Department.
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Maugans Avenue upgrades likely to be done by end of Oct.
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Officials hope regulations reshape road
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Washington Co. chip seal repairs anger some residents
For two weeks, the top of Terry Biser's driveway has been filled with pebbles. He sweeps it occasionally, but the rocks keep rolling off Leiters Mill Road onto his property, the result of a new road repair ...
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Gapland Road is part of county's repair plans
"The road just keeps getting worse" By ANDREW SCHOTZ Washington County has scheduled "full-depth reclamation," a type of road replacement, for Gapland Road in fiscal year 2011, said Robert J. Slocum, the county's acting deputy director of public ... via Herald-Mail
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A chance to celebrate R.I.
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Some R.I. residents can use online registration service
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Top lawyer for DEM steps down
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Audubon's Earth Day is planet's birthday party
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Some gay couples are having trouble obtaining divorces
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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