Buying a Home

Whether you’re purchasing your first home or your last, we have the loan that’s right for you.

Get Started
Step 1

Define your goals

You’ve found the perfect home, now it’s time to look for the perfect mortgage for your situation. When looking at your options, it’s important to define exactly what you’re looking to get out of a mortgage. Is it a particular rate, terms, or monthly payment? If you need help setting goals like these, we can help. This also helps with the pre-qualification process.

Step 1
Step 2

Find the loan that’s right for you

You’ll speak with one of our loan officers so we can get the whole picture of you. After that, we’ll present you with a Loan Estimate so you can better understand the closing costs and any fees such as insurance and recording. This way you’ll be able to make sure you get the loan that fits your needs.

Step 2
Step 3

Submit your documents

You’ll need to submit supporting documents with your application. Pay stubs, W-2s and bank statements, and other pertinent information help us understand your current income, debts, and assets. 

Step 3
Step 4

Processing & underwriting

This is where we cross our Ts and dot our Is. We’ll send an appraiser to ensure the value of the home checks out relative to the purchasing price. After that, a title company will research the property’s history, looking for any impediments.

Step 4
Step 5

Closing your loan

When it’s time to close, read the documents in front of you carefully. Once you’ve signed, the keys are yours! And remember – our doors don’t close when you close.

Step 5
 
First Time Home Buyers

Your First Home

Not sure where to start? We have the resources to make your first home buying experience a positive one.

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Second Time Home Buyers

Your Next Home

Experienced in buying a home but not sure how it can affect your finances? We can help.

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Our Most Popular Mortgages

Conventional Mortgage
15- and 30-year

Conventional Fixed Loans

By far the most popular type of home loan, conventional fixed-rate mortgages let you lock in an interest rate for the entire loan duration. They’re often the best choice if you’re planning to stay in the same home for many years.

FHA Loans
Federal Housing Administration

FHA Loans

Unlike conventional loans, FHA loans are insured by the Federal Housing Administration. This lets them offer low downpayment requirements and flexible options for approval, making them a great choice for first-time homebuyers.

ARM Loans
Adjustable Rate Mortgage

ARM Loans

Adjustable rate loans have a variable interest rate that changes over time, based on market conditions. Their low initial rates make them worth considering if you’re planning a short-term move.

VA Loans
Veterans Affairs

VA Loans

VA loans are guaranteed by the Department of Veterans Affairs and available to veterans, active military, and military families. They offer 100% financing, meaning you can purchase a home without making a downpayment.

Rural Housing
USDA

Rural Housing

Backed by the USDA, these loans help borrowers with low to moderate incomes buy or renovate homes in eligible rural and suburban communities. If you qualify, they’re an excellent way to secure 100% financing.

Hear from Our Team

I think the best way to describe Franklin American would be the way it was described to me when I was going through interviews. From the executive level down, we all come in, hang our ego hats at the door, roll our sleeves up, and try and make our industry and company better one day at a time.

Geoff W.
Manager Products Pricing & Support
Licensed Mortgage Loan Originator