Michelle Teel is approved for FHA loansMichelle Teel is CA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to call Michelle Teel, as we are approved and qualified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Michelle Teel is well-trained on how to follow the rules and regulations provided. Be sure to contact Michelle Teel if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is secured by them. The FHA does not provide funds to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are extremely helpful to purchasers with less starting income. |