Michael Fagan is available for your FHA backed loansMichael Fagan is CA state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA secured financial transactions. Part of the periodic training our staff at Michael Fagan undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Michael Fagan if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. The FHA and their loan programs are created to assist low-to-moderate income consumers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting capital to use as a down-payment on a mortgage are helped the most from FHA loan programs. |