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Warwick, 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 Warwick, 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.

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Warwick, Rhode Island News
DMV closes two branches

The Director of the Department os Revenue announced the closing of the Westerly and West Warwick DMV branches, effective January 1, 2009.


AKC dog show moves from Mass. to RI

After nearly a century in Boston, the Bay Colony Dog Show will be held in Rhode Island next year.


On gas prices, oil pirates and annoying e-mails

Is it good news that the price of gasoline is down, or bad that it took a near-depression to do it? I prefer Johnny Depp as Captain Sparrow over the pirates holding that oil tanker.


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.


Fung names transition advisors

Saying he wants to use a 'business model' during his transition, Mayor-elect Allan Fung has appointed the members of his transition team out of his circle of professional acquaintances - people who are not in ...


Warming up the wallet to buy bargains in Warwick

They don't call them doorbusters for nothing. About 700 people piled into the Best Buy on Route 2 before dawn today to snap up discounted flat screen TVs, laptops, digital cameras and DVDs.


Warwick, Cranston to consolidate services

By JOHN HOWELL With the state financial picture only getting bleaker, signaling cuts in state aid to cities and towns in the current fiscal year, Mayor Scott Avedisian isn't wasting time to explore ways to cut ...


Noise Campaign spice up RI

The West Warwick-based quintet the Noise Campaign have rocked plenty of local dive bars and club stages across Rhode Island in recent months, and this spry crew of 20- and 21-year-olds will begin recording ...


RI man suspect in area holdups

A suspect in about a dozen robberies in Massachusetts and Rhode Island, including four in Seekonk and Attleboro, was arrested early Friday morning, allegedly after fleeing a robbery in Foster, R.I., and leading ...


88-year-old woman dies in Warwick fire

Fire and police officials are investigating the death of an 88-year-old woman who was burned in front of her gas kitchen stove and whose son and daughter said she was known to warm herself up in front of the ...


Three fires in West Warwick

A house fire in West Warwick on Saturday sent a man to the hospital and was only one of several incidents that kept West Warwick Firefighters busy over the course of the day, according to the fire chief.


Wives confirm IDs of 2 men killed in Smithfield plane crash

The two men killed in a plane crash yesterday in Smithfield are Ronald Tetreault, 64, of Glocester, and Robert Zoglio Jr., 43, of Richmond, their wives said today.


Meeting to address concerns over sex-offender

Warwick police will hold a meeting Monday night in response to public concern about a convicted sex offender who lives in the Craig Street area.


Graeme Kapko, fatal Warwick crash, drunk driving, Warwick, Rhode Island

A West Warwick teenager charged as an adult in a March car crash that killed a 46-year-old mother of two pleaded not guilty this morning during his arraignment in Kent County Superior Court.


Joint effort to fight underage drinking

For years, Rhode Island's 35 task forces have tried to curb teen drinking through local programs.


Players take to the 'Mattress'

With the temperature dropping and holiday decorations going up, it doesn't just mean the end of fall is near but also that it's time for Pilgrim 's annual musical performance.


Warwick Convenience Store Robbed

WHJJ News, Providence, R.I.- A convenience store in Warwick is the lastest business in the past several days to be robbed by a man who said he was carrying a gun.


Closed school may reopen

WARWICK, R.I.a 'A former school building in Warwick may re-open as part of the Rhode Island School For The Deaf.


Shellfisherman seek Council OK to use city dock in Apponaug

The City Council is poised to pass a resolution that will clear the way for a group of local shellfishermen to dock their boats on city property at no charge.


Police report reveals arbitrary scheduling, grading at Toll Gate

A police investigation into Toll Gate raises questions and levels profound accusations about the integrity of the school's grading and scheduling policies-but finds no criminal wrongdoing.


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