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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Collinwood, 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 Collinwood, 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.
Return to fha loans in the state of TN
| Collinwood, Tennessee News |
Three years ago today
On November 15, 2005, the second largest tornado outbreak in Middle Tennessee history produced 19 twisters across the mid state.
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Pepped and pumped for Saturday
The trumpets sounded and the drums kept beat Friday as Austin Peay State University students gathered for the annual homecoming week pep rally and bonfire.
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Slaying suspect remains in custody
Police say alcohol could have been a contributing factor in the beating death of a Collinwood , Tenn., man earlier this month.
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6-month probe nets five arrests
A six-month investigation into illegal drug activity in Wayne County has resulted in the arrest of five people, including a father and his son, authorities said.
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Parkway Bridge Work Over Tenn 13
Work began on the project on November 5, 2007, and is expected to be completed by the fall of 2008.
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NOFMA Mill Tour Draws 28 Industry Professionals
Twenty-eight wood flooring industry professionals representing 15 flooring producer and machinery companies took part in the first annual NOFMA Mill Tour May 18 - 20.
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Tornado ravages Lawrence County
"We had some trees down on Main Street" Donald Perry walks past a damaged truck and horse trailer and what is left of his garage at his home in Lawrenceburg, Tenn., on Friday. via Times Daily
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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