FHA loans are available to any home buyer who intends to occupy the property but are used most often by first-time homebuyers and low- to moderate-income buyers. However, there are no income limit qualifications. Even a millionaire can take out an FHA loan, subject to loan amount caps based on locale.
Though both Sherman County and Sherman, Texas, are named for the same person, the city of Sherman is located in Grayson County, approximately 430 miles to the southeast.
Sherman-area historical tornado activity is above Texas state average. It is 144% greater than the overall U.S. average. On 4/2/1957, a category F4 (max. wind speeds 207-260 mph) tornado 22.5 miles away from the Sherman city center killed 3 people and injured 3 people and caused between $50,000 and $500,000 in damages.