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FHA Loans

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 borrowers 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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Anahuac, Texas News
El Paso woman, 19, found dead in Ju rez

A 19-year-old woman from El Paso was found dumped on a Juarez street with her throat slashed, one of more than 200 homicides in June.


Teen killed in fatal accident in Chambers County

A 17 year old Liberty County teen was killed in a early morning crash. It happened on FM 562 in Chambers County, just three miles east of Anahuac.


Gray: South American parrots at home in urban Houston

When artist June Woest moved into her Bellaire studio, she was surprised to find that a colony of green parrots had set up housekeeping in the gigantic transmission towers behind it.


DPS Roadcheck 2009 inspects trucks for safety on I-10

How safe are the 18 wheelers we share the road with every day? From now through Thursday,DPS troopers and others trained to inspect commercial vehicles will be taking a close look at them to make sure drivers are obeying safety laws.


US adds $19.5M to Ike, Gustav to recovery

U.S. Commerce Secretary Gary Locke says an additional $19.5 million in economic developments funds will be used as part of the ongoing recovery efforts along the Texas Gulf Coast.


More hurricane relief funds on the way

Another $19.5 million is heading Houston's way courtesy of the U.S. Department of Commerce's Economic Development Administration investments.


In changing agricultural times, crop dusters look for other work to stay in flight

Crop dusters once looked like swarming bees flying over Chambers and Jefferson counties.


Stingaree Rising

In the aftermath of Hurricane Ike's steamroll across the Bolivar Peninsula, before-and-after aerial photos of beach communities like Caplen and Gilchrist became iconic images of the hurricane's devastating power.


Chambers-Liberty Counties Navigation District Awarded $4.3 Million For Levee Repairs

The Federal Emergency Management Agency has obligated a $4.3 million grant to the Chambers-Liberty Counties Navigation District to help pay the costs of repairs to a levee on Lake Anahuac that was damaged during the Hurricane Ike disaster.


Couple key to Oak Island's recovery

Government officials get all sorts of training for emergencies like hurricanes. Cities and counties have professional emergency management coordinators.


Rain clears and Ames rodeo livens up

Sitting atop his black horse, Blessing, in the shadows behind the horse chutes Sunday, 12-year-old K.J. Carmon prepared for his ride in the biggest rodeo he participates in each year.


Music fills the library again

Houston Symphony librarian Tom Takaro holds a new book of music. Share Resources More than just notes SENTIMENTAL REACQUISITION The Houston Symphony will perform one of the 21 fanfare works that were commissioned more than two decades ago for the Texas Sesquicentennial and lost during Tropical Storm Allison in 2001.


Anahuac, Winnie Students Get Tips On Evacuating Pets In Disasters

Almost 200 children at two Chambers County schools learned how to care for pets in a disaster, make emergency kits for their families, administer first aid and prepare in other ways for an emergency through a hands-on educational program offered by the Federal Emergency Management Agency .


Hammers replace parties on TX coast

Youth help Mennonite Disaster Service volunteers repair homes in Anahuac, north of Galveston, damaged by Hurricane Ike.


Former Chambers County Judge Guy Jackson dies

Former Chambers County Judge Guy C. Jackson, 77, died Monday night in Anahuac, according to Sterling Funeral Home.


Silsbee incumbents eager to retain offices

Incumbents in Silsbee and Anahuac apparently aren't ready to leave their civic posts just yet, according to recent filings in the May elections.


Drought-like conditions cause worry, conservation

Bill Brown is about ready to start doing rain dances. With no significant rainfall recently, the 71-year-old rice farmer is without fresh water to moisten his 500 acres of land for planting.


Facing Ike

In the late hours of September 12, 2008, I performed a nearly flawless Geraldo Rivera impression, leaning my body into the 100-mile-per-hour winds and stinging horizontal rain of Hurricane Ikea s eyewall as it ...


Oak Island, Winnie sessions try to shape long-term Chambers Co. recovery

The next in a series of long-term community recovery meetings in Chambers County are at the end of the week.


Historical marker commemorates black education in Chambers County

A large black-colored historical marker sits atop a post near the old George Washington Carver School in Anahuac.


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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.
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