First Time Buyer

FHA and VA along with state and county programs offer special assistance to first time buyers.

Purchase

There are a lot of extraordinary opportunities in the housing market today. Use FHA or VA to buy a home with little or no down payment.

Refinance

FHA and VA loans offer refinances at lower rates and more flexible terms than traditional loans often with no appraisals required.

Foreclosure Loans

FHA's 203k program allows you to buy a foreclosed home, fix it up and include the repair costs in the loan. Or if you want to re-model or repair your current home, this FHA loan will allow you to add the cost of repair to your loan.

Reverse Mortgage

This FHA loan eliminates monthly mortgage payments and depending on the home owner’s equity, offers cash for any reason. It can also provide seniors the opportunity to stay in a home when financial circumstances may not otherwise allow.

Veterans Administration

VA home loans are guaranteed by the Dept. of Veterans Affairs. The guaranty allows veterans and service persons to obtain home loans usually without a down payment.

   

The Federal Housing Administration

(FHA) was created by the National Housing Act of 1934. Its intent was to regulate the terms of mortgages that it insured and increase the number of people who could afford homeownership.

Franklin Advantage is not acting on behalf of, or at the direction of HUD/FHA or the federal government.

  


Franklin Advantage is an Equal Housing Lender.
Equal Housing Opportunity Statement:
We are pledged to the letter and spirit of U.S. Policy for the achievement of equal housing opportunity throughout the Nation.
We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtain housing because of race, color, religion, sex, handicap, familial status, or national origin.

   
 
CA DRE #1837286 * NMLS #285786
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Throughout this century, there has been bipartisan support for Federal policies designed to encourage home-ownership. Herbert Hoover called the owner-occupied home "a more wholesome, healthful, and happy atmosphere in which to raise children."

Lyndon Johnson promoted homeownership as part of a strategy for addressing the urban ills of the 1960s, declaring that "owning a home can increase responsibility and stake out a man's place in his community....The man who owns a home has something to be proud of and reason to protect and preserve it. " Ronald Reagan said that homeownership "supplies stability and rootedness."

Urban Policy Brief,
Number 2

-August 1995