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Calhoun, TN FHA Loans in Tennessee

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 Calhoun, TN 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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Calhoun, Tennessee News
Bowater Cuts 150 Calhoun Jobs

Bowater has made cuts at four of its plants..leaving 150 Calhoun workers jobless this holiday season.


'People with extremely large hearts' - Many count on FFC at Christmas

Crystal Willoughby has seven mouths to feed this Christmas. She said there is no way her large family could enjoy a holiday meal without help from the Friendly Fellow Club.


Abitibi to close N.L. mill, 2 others in U.S.

Newsprint giant AbitibiBowater Inc. is slashing about 1,100 jobs and dramatically cutting production in a bid to reduce costs and address market volatility, the Montreal-based company said Thursday.


AbitibiBowater Announces Action Plan to Address Market Challenges

Curtails Paper Production Capacity by 1 Million Metric Tons - Projects $375 Million in Annualized Synergies in 2008, One Year Ahead of Plan - Initiates a Further 20% Reduction in SG&A Costs in 2009>> MONTREAL, ...


'We expect trouble' - New Calhoun commissioners attempt to take oath before regular meeting

An old-timer walked into Calhoun City Hall on Monday night and began giving instructions on what to do if a fight started.


Christmas candlelight tour planned in Calhoun, Charleston Dec. 4

A Christmas candlelight tour of homes is being planned by the Calhoun-Charleston-Hiwassee Historical Society.


East Ridge: Staying green for the holidays

Terry Ramey, owner of Lindaa s Produce in East Ridge, said the bad economy actually may help sales of the Christmas trees on his lot.


Benefit Saturday to help Riceville fire victims

A benefit concert and auction is scheduled for this weekend to help a young local couple recover their independence following a house fire.


Change in Calhoun - Trio handed control of city commission

McMinn County's oldest town just got some new blood. A bloc of three candidates running for Calhoun City Commission on a platform of change swept the ballot Tuesday to take control of the county's Southern-most ...


Calhoun eyes fire truck swap with the county

Few items were on the agenda for Calhoun's City Commission Monday evening, the final meeting before today's city election.


Spotlight on people - Teaching lessons in life, alongside history

As a teacher at Calhoun Elementary School, Cathy Castor believes her mission goes beyond the walls of her classroom.


Shark tooth hunter

Greg Eiche has found a hobby he can really sink his teeth into. Bored with scenic explorations of rainbow-colored reefs, the 47-year-old veteran scuba diver and Athens native now searches for underwater ...


4 new fire trucks planned for county departments

Four new fire trucks will likely be purchased for rural fire departments by the McMinn County Commission after their meeting Monday night.


Early voting begins Wednesday in McMinn, Meigs

Early voting for the Nov. 4 general election begins statewide Wednesday. Races for president, U.S. Senate and House of Representatives will be on the national ballot, while races for the Tennessee House of ...


Calhoun's community sale creates extra trash schedule

Calhoun residents are getting ready for the town's annual yard sale and they'll also have an opportunity to get rid of the items that don't sell.


Voter registration ends on Monday

Voter registration for the Nov. 4 general election ends Monday, Oct. 6. Locally, the general election includes races in Athens, Calhoun and Riceville, state representative races, U.S. House and Senate races and ...


TOT Remembrance Will Bring 50,000 Riders ...

As many as 50,000 motorcycles will roll through Giles County Sept. 20 during the 2008 Trail of Tears Remembrance Ride.


State briefs: Sept. 12

A woman was robbed of her purse at gunpoint Thursday by a male suspect wearing a gorilla mask, according to the Knox County Sheriff's Office.


Man seeking city office admits lying about video

A man running as a reform candidate has admitted lying to police about having video of someone vandalizing his campaign signs.


Politics Get Dirtier In Calhoun

Political mud is hitting the fan in the tiny town of Calhoun, Tennessee. Three candidates are running for Commission, hoping to change power there.


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