Get An FHA Loan

Because of their backing by the Federal Housing Administration, borrowers who obtain an FHA loan can side-step the strict credit and loan-to-value issues which are currently constricting mortgage refinancing.

Numerous Benefits

As a result, FHA home loans offer some homeowners numerous benefits when compared to conventional mortgages. Prospective borrowers who could really benefit from an FHA loan include:

* Borrowers with challenged credit
* Homeowners with higher loan-to-value ratios
* Borrowers with verifiable income
* Borrowers living in rural areas
* Homeowners facing soaring monthly mortgage payments

FHA Loan Requirements

As with any mortgage or loan vehicle, FHA loans do have some minimum financial requirements. These include:

* Documented proof of income
* Maximum 31 percent PITI debt-to-income ratio
* Maximum 95 percent loan-to-value ratio for refinances
* Maximum 97 percent loan-to-value ratio for home purchases

FHA Loans With RH Financial

If you're looking to buy a new home or you're struggling with an unstable adjustable rate mortgage (or ARM), contact RH Financial today and ask about our FHA loan program. RH Financial is approved with the FHA, and is committed to helping home owners and buyers!

NEXT STEPS:

>> Start your application
>> Free financial analysis
>> Find a realtor