Somerset Mortgage Lenders Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

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 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.

Local FHA Loan directory for TN :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Oak Ridge Obion Olivehill Only
Oakdale Ocoee Oliver Springs Ooltewah
Oakfield Old Hickory Oneida Orlinda
Oakland Oldfort

Return to our fha loans page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Tennessee News
New Rules Making Road Signs More Visible

Highway and road signs are getting easier to see, gradually. The U.S. Department of Transportation has directed state and local governments to install replacements made with a fluorescent, reflective material ...


Almost 1,500 Guardsmen deployed in relief efforts

The Tennessee National Guard has mobilized more than 1,100 soldiers and airmen to assist in relief efforts along the Gulf Coast.


Lieberman gets convention spotlight, Bush a cameo

Republicans relegated President Bush to a brief, offsite cameo at their national convention Tuesday night and awarded one-time Democratic vice presidential candidate Joseph Lieberman a prime-time speaking slot ...


Morgan Historic Marker Is Back Up On Church St.

This week marks the 144th anniversary of the death of Confederate Gen. John Hunt Morgan, which is recorded on a once-missing historical marker on West Church Street.


Morgan Historic Marker Is Back Up On Church St.

This week marks the 144th anniversary of the death of Confederate Gen. John Hunt Morgan, which is recorded on a once-missing historical marker on West Church Street.


Teen accused of faking Air Force service

A California teen has been arrested and charged with criminal impersonation in eastern Tennessee for allegedly fooling businesses into thinking he was an airman to get discounts and other perks.


Former Scott Co. detective sentenced for misconduct

A former Scott County detective was sentenced to judicial diversion after agreeing to a plea deal on official misconduct charges.


State Departments Have Unclaimed Money

NASHVILLE, Tenn. - The Channel 4 I-Team has learned that the state owes itself money but hasn't transferred the money to the correct departments.


Performer Jerry Reed Dead At 71

U.S. singer, songwriter and some-time actor Jerry Reed reportedly has died of emphysema at the age of 71.


Female Tenn. Supreme Court Chief justice sworn in

Tennessee has sworn in its first female state Supreme Court chief justice. Sue Allison, a spokeswoman for the court, said Justice Janice M. Holder, 58, took the oath of office Tuesday afternoon at the Supreme ...


Tenn. professor guilty of passing military secrets

A federal jury has convicted a retired University of Tennessee professor of passing secrets from a U.S. Air Force contract to two research assistants from China and Iran.


Tennessean editorial page editor retiring

John Gibson, editorial page editor of The Tennessean, is retiring following a 39-year career in journalism.


Husband's rage or self-defense? Tennessee jury to decide in killing of teacher's teen lover

Eric McLean, 33, is charged in last year's killing of 18-year-old Sean Powell with a high-powered rifle outside the modest home McLean shared with his wife, Erin, and their two young sons.


Recession hits day laborers hard

The declining economy is hitting day laborers particularly hard. The Tennessean in Nashville reports most are immigrants, some illegal.


Many voters deem Palin pregnancy a private matter

Rebecca Horvath was an undecided voter before the news broke about Alaska Gov. Sarah Palin and her 17-year-old unmarried daughter's pregnancy.


Gustav evacuees looking forward to returning home

Many of the thousands of evacuees that took shelter from Hurricane Gustav in Tennessee are looking forward to returning home, but this time they remain hopeful that the storm spared their communities.


Giuliani Out, Thompson And Lieberman In For GOP

Sep 2, 2008 8:29 am US/Central Republicans revamped their convention plans for a second day, dropping former New York Mayor Rudy Giuliani as keynote speaker Tuesday night while trying to determine President ...


Tennessee delegates focus on hurricane aid, state elections

ST. PAUL, Minn . - The Tennessee delegation spent Monday at the Republican National Convention focusing more on helping victims of Hurricane Gustav and on state elections than on the nomination of Sen.


Clinton delegates from Tennessee support Obama

One story line at this week's Democratic National Convention is the angry female delegate who supports Hillary Rodham Clinton and won't back nominee Barack Obama.


Analysis: New goal, new style of speech for Obama, CVN

This time he talked about a darker reality as part of a carefully crafted plan to win the White House.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)