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Ackerly, TX FHA Loans in Texas

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 Ackerly, TX 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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Ackerly, Texas News
Sales Tax Receipts Up 14 Percent News Editor Sales tax receipts for the city of Big Spring jumped more than 14 percent in November, according to the State Comptroller's Office.
A Child's-Eye View Of Agriculture Staff Writer How do you shuck an ear of corn? Is a calf hurt when it's branded? What's a mother rabbit called? Howard County fifth-graders learned that and a lot more during the opening day of the Howard County ...
Scholarship winners MIDLAND The Permian Basin Area Foundation has awarded $196,408 in scholarships to assist 124 area students with costs of higher education.
South Plains Residents Continue Clean-Up Process After Severe Weather Posted: Residents across the South Plains are picking up after severe weather tore through the area Wednesday. via KCBD-TV Lubbock
Severe Weather Rips Across the South Plains "We shut the door and looked maybe ten seconds later and saw what was behind me right now" Towns across the South Plains are picking up the pieces after several severe thunderstorms moved across the area Wednesday with tornadoes in some locations. via KCBD-TV Lubbock
High Winds, At Least 5 Twisters Cause Damage In Texas "It was just a tremendous roar and tremendous winds" Meteorologists determined Thursday that a severe storm that destroyed homes and knocked down trees in suburban Fort Worth a day earlier was a tornado packing winds of up to 115 mph. via KAUZ
Wicked Weather Pummels West Texas "We had to go in our hallway and sit there until they told us it was safe to come out, everybody was fine." Eddie Garcia CBS 7 News April 24, 2008 Much of the severe weather started just after 3:30 Wednesday afternoon that's when a tornado touched down just south of Lamesa. via KOSA

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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.