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Prospect, 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 Prospect, 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
| Prospect, Tennessee News |
Monday's Rain Impairs Driving Conditions
Numerous vehicles are damaged in accidents Monday afternoon. A Chevrolet Prizm collided with a rock wall on Prospect Road.
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Firefighters Work to Save Business From Flames
Fire did considerable damage to a Campbellsville business early Saturday morning.
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One Address, Two Warrants, Three Arrests
The plan Wednesday of last week was for Giles County Sheriffa s officers to serve two arrest warrants.
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Toddler Ejected in Sunday Crash
Accidents Span Weekend for Rescuers Two children are injured in this wreck that occurred Sunday morning on Highway 166 South.
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Family Home Lost to Fire
Extinguishing the blaze consuming this abandoned house at 1777 Minnow Branch Road Thursday of last week are Giles County Fire and Rescue members.
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Teens Try to Turn ... Roof Into Campground
The official low last night in Pulaski was 26 degrees. That was not cold enough, however, to prevent three teens from attempting to spend the night on top of the Sharewood Park Amphitheater.
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Tennessee man charged in Ardmore pharmacy burglaries
A burglar believed to have twice struck an Ardmore pharmacy in the past month was nabbed early Tuesday in Huntsville after traveling the wrong way on Memorial Parkway, an official said.
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Motorists to Pay for Ignoring High Water Warnings
Governor Signs Turn Around - ' Don't Drown Bill Approximately 100 yards of Highway 31, just north of Elkton City limits, is under water Sunday afternoon.
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Three Women Face Charges After Weekend Arrests
The Giles County Sheriff's Department made what Sheriff Kyle Helton called "a major drug bust" over the weekend.
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Three Jailed, Facing Drug Charges
A Prospect man remains in the Giles County Jail on $190,000 bond after he was arrested on drug charges over the weekend in Athens, Ala. via Citizen Press
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Wreck Proves Fatal for Minor Hill Man
Members of Giles County Fire and Rescue and Giles Ambulance Service respond to a single vehicle accident Friday afternoon on Highway 166 that claimed the life of Minor Hill resident Jackie McConnell. via Citizen Press
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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