FHA mortgages, backed by the Federal Housing Administration, have become an essential part of the home-buying process for many Americans. These loans are designed to help individuals with lower credit scores and smaller down payments achieve homeownership

One of the primary advantages of FHA mortgages is the lower down payment requirement, which can be as low as 3.5% of the purchase price. Additionally, FHA loans offer more lenient credit requirements compared to conventional loans.

FHA streamline refinancing is a process that allows homeowners with existing FHA loans to refinance their mortgage quickly and with minimal paperwork. This refinancing option is designed to lower monthly payments, reduce interest rates, or change the terms of the loan. One of the key benefits of FHA streamline refinancing is that it does not require a new appraisal, making the process faster and less costly for homeowners.

Franklin Mortgage Holdings can assist you in securing the most favorable terms and rates, whether you are applying for a new FHA mortgage or considering FHA streamline refinancing.