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Shelbyville, 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 Shelbyville, 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
| Shelbyville, Tennessee News |
Robber strikes victim in head with bottle
A man was robbed of his wallet and truck keys outside a North Hillcrest Drive home Saturday, Shelbyville police said.
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Marijuana, gun in car lead to charges
Drug and weapons charges were filed against a Shelbyville man following a traffic stop Monday night.
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Area facing possible water shortage
The region could be headed for another serious water shortage, the director of the Duck River Agency said Tuesday, adding the Tennessee Department of Environment and Conservation has recently denied a request ...
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Shelbyville council looks ahead to new appointments
There was little on the Shelbyville city council's study session Monday, as several of the items on the agenda will wait for a new council to take office.
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State Worker Arrested In Internet Sting
A worker with the state's TennCare health program has been fired after he was arrested in an undercover Internet police sting, which targeted child sex offenders.
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Creditors of McLean won't see one penny of life insurance policy
Browse> Home / News / Creditors of McLean wona TMt see one penny of life insurance policy Creditors of McLean wona TMt see one penny of life insurance policy November 25, 2008 It was a little over one year ago ...
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Officials worry about economic development
Possible state cuts in economic development because of sagging revenues are raising concerns for officials who hope to bring high-paying corporate headquarters or research jobs to Rutherford County.
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Celebration lights up the holidays
Christmas time is approaching, which means it's time for a holiday tradition to continue in Shelbyville -- A Celebration Christmas will begin tonight.
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TBI: Ex-EMA Deputy Director Forged Checks
A Bedford County official is accused of stealing from those he gets paid to protect.
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Scouts, ministries, volunteers help feed the hungry
As soon as the buses pulled away from Liberty School Friday, a lone pick-up truck took up the parking space.
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Dream develops into author's first novel
For more than 10 years, one particularly vivid nightmare has been haunting the dreams of Leslie Throneberry.
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Old SCHS building may be demolished
Bedford County Board of Commissioners voted earlier this month to board up the old Harris Middle School/Central High School building on Elm Street, but the commission's courthouse and property committee is now ...
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Air Force chief visits Shelbyville
Gen. Norton A. Schwartz, Chief of Staff of the U.S. Air Force, visited Shelbyville Monday night to address the annual Arnold Community Council banquet held at Calsonic Arena.
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Committee proposed to study job losses
The recent loss of jobs in Shelbyville has prompted a discussion about what can be done to preserve them in Bedford County.
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Landers named to City Council seat
Thomas Landers was unanimously selected to fill the Shelbyville City Council seat of the late Fred Harrison Thursday night.
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Proposed magnet school gains Gray's support
Bedford County School Superintendent Ed Gray discussed the proposal for an elementary magnet school during a presentation Thursday at Shelbyville Rotary Club.
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Council approves demolition of building
Shelbyville City Council approved the demolition of a building on East Depot Street that once contained a popular antique store, but heard criticism over how the matter was handled from the firm that won the ...
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Sliding tires alert officer to accident
An officer-witnessed traffic accident resulted in one driver's injury and the other's arrest for DUI Tuesday night.
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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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