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Suffolk, VA FHA Loans in Virginia
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 Suffolk, VA 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 VA
| Suffolk, Virginia News |
Historic Oath of Office in Suffolk
Suffolk Mayor Linda Johnson took a historic oath of office Monday at Suffolk City Hall.
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After driver's letter, Suffolk to plug in lights at dark intersection
John Gasser drives to work at Sysco in Suffolk in darkness. Not much can be done about that; it's before day break, after all.
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Suffolk, Va. Beach swear-in mayors, council
The first directly-elected mayor for the city of Suffolk will be sworn in Monday afternoon.
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Icy roads blamed for several accidents
Suffolk Police spokesperson Debbie George told WAVY.com officers worked five accidents Saturday morning, believed to be associated with ice on the roadways.
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Suffolk firefighters on scene of downed power line, brush fire
A downed power line has closed the north and southbound lanes of Route 17 at the foot of the Godwin Bridge in the area of Governor's Point, said city spokeswoman Debbie George.
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Rt 58 Westbound In Suffolk Shut Down
Motorists should expect significant delays traveling on Route 58 due to a vehicle fire.
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Suffolk Humane Society office to open on donated land
The Suffolk Humane Society has a place to call home. The nonprofit organization will open an office on three acres of land recently donated to the group.
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After 54 years, Suffolk bus driver stays dedicated to his task
Loading... Suffolk bus driver Ulysses Whitfield, 70, waits for students at the end of the school day on Dec.
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VIRGINIA: One tree, two deaths, three days
SUFFOLK, Va. - A tree along Route 58 in Suffolk has been involved in two fatal wrecks in three days.
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Suffolk police arrest suspect in holdup after five-hour standoff
A stickup outside a holiday party late Wednesday night prompted an hours-long standoff between the suspect and police, which ended with the man's surrender shortly before first light on Christmas morn.
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Fatal Accident In Suffolk Closes Part Of Holland Rd
Suffolk Police are working a single car accident that has closed part of Holland Rd.
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Proposed Suffolk schedule shift would add to school day
Administrators are considering adding about 20 minutes to the school day to allow a switch to "4x4" block scheduling at the high schools.
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Suffolk moves forward with its emergency ops center
When tornadoes tore through Suffolk in April, the city's emergency operations center had to be pulled out of plastic bins in a fire department closet.
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Seven month old dies due injuries in accident
A seventh month old boy died at Sentara Obici Hospital this morning due to injuries sustained in a single vehicle accident.
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Suffolk and IW trash authority faces $240 million debt
Things were bad for the regional trash authority before, but they've gotten worse.
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Chinese Company To EstablishHeadquarters In Suffolk
The Suffolk Economic Development Department announced Thursday that Shandong Zhangqiu Blower Co., Ltd, a manufacturer of positive displacement blowers, has decided to establish its U.S. Headquarters in Suffolk.
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SCV dedicates memorial to Battle of Whitehall, CSS Neuse sailors
An estimated 150 people gathered in Dan and Wendy Boyette's front yard Saturday to dedicate a monument to local Confederate soldiers and sailors.
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Gifts that keep giving
The sour economy may have sapped shoppers' spirits, but that doesn't mean people have to be Scrooges and refuse to offer gifts.
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Suffolk board member says schools shouldn't be combined
The School Board needs to remain firm in its support of two separate elementary schools in the Holland and Whaleyville communities, member Enoch Copeland said Thursday night.
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Arrests Made In Dance School Shooting; Seeking Third Suspect
Suffolk police have arrested two juveniles in connection to a December 6 shooting at the Windsor School of Dance.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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