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Delano, 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 Delano, 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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Delano, Tennessee News
Gary Poteet, a veteran East Tennessee musician, has passed away He was a member of Delano Baptist Church. Gary was involved in Gospel and Country Music for over 40 years in Knoxville and the surrounding area.
Author to sign book about blind dog's adventures Photo special to The DPA San the dog is the main character in author Dr. Britta Denman's book, San's Adventures at Sleipnir Morgan Horse Farm.
Repo Man Kidnapped and Assaulted in Midtown Memphis They say a man was repossessing a silver Mercedes in the 1400 block of Union around 9:40 a.m., when someone, possibly the car's owner, started attacking him.
Early Morning Fire In Polk County Authorities spent part of the morning battling a fire in Polk County. Dispatchers tell us it happened around 12:30 at a mobile home on Gee Creek Road in Delano.
Benton Banking Company Sports First Volunteer Bank Name First Volunteer has concluded the system conversion and signage changeover from Benton Banking Company to First Volunteer Bank.
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 ...
Polk County man charged in slaying A Polk County man has been charged with first-degree murder in the Friday night death of 47-year-old Steven Gargala of Chestuee Road in Delano.
Man Shot and Killed In Polk County Submitted by Abena Williams on June 28, 2008 - 6:10pm. News Polk County News Polk County officers are investigating the shooting death of a man in the Delano community.

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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.