Michael Inkman

Fairway Independent Mortgage Corp.

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Michael Inkman | Fairway Independent Mortgage Corporation
5.0
Based on 103 reviews
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Lee Vanvolkenburg
15:43 23 Nov 23
Michael and his team were wonderful to deal with. They were excellent with communication and always available to answer questions. Thank you all!
williams lovos
22:54 16 Nov 23
We close on the house tomorrow! Thank you David and Michael for making my first home buying a smooth process. I had several out of the ordinary situations that would had easily not been possible to get the loan in the time that they were able to approve it. My wife and I are forever grateful for the work the team did. Thank you again!
Mario Silvestri III
16:45 16 Nov 23
Rex Perkins
16:56 15 Nov 23
Everything had been going well over the past two years since refinancing an existing mortgage. The application process, approval, servicing website, everything had been very smooth, nothing but the best service. I then had a minor issue arise. We had a wind loss claim on our home and, unfortunately, I had put off getting the check cosigned until the last minute. An issue arose as part of a minor miscommunication in terms of where the check was to be forwarded for endorsement.

To make a long story short, I feared that this miscommunication and misdirected check coupled with my procrastination were going to result in the check expiring and a huge hassle on my part to go through the process again. Mr. Inkman nor his branch were in any way involved with my account or account management, yet, the check inadvertently ended up in their draft loss department and I feared this would further delay things. I was a bit frantic.

One of those that I emailed was Mr. Inkman. In an era when customer service is not as valued as in the past, I was very skeptical I would meet the deadline. But, to my surprise, Mr. Inkman took it on his own to personally get things done and get the issue resolved. It appears that he tracked down the overnighted check personally, directed it for signature, packaged and overnighted the check back to me. All the while remaining professional and pleasant and providing consistent email updates on the status. It doesn't even look like he delegated, rather taking the initiative and seeing it through on his own.

To me, that's not just doing a job, that's going above and beyond in terms of leadership, professionalism, and customer service. We could not be more happy. And, as a further sign of good will, the Fairway CEO actually emailed me personally to follow-up and assure resolution. Been very happy with Fairway since my refinance, Mr. Inkman's efforts only further reinforce that opinion.
Samer Fallouh
15:01 15 Nov 23
Debbie Salas
21:47 03 Oct 23
This transaction probably would not have happened without Michael. Whenever we hit a stumbling block, he found a way around it! He kept us informed and was a positive light all the way through to the end and beyond.
Thanks
Eric Kieffer
22:46 16 Aug 23
Did business with Michael about 20 years ago and he was happy to help us again. He and his team did a great job. See you in another 20.

Understanding the Federal Housing Administration Title I Home Improvement Loan Program

July 2, 2025 by Michael Inkman

Introduction to the Program
The Federal Housing Administration Title I Home Improvement Loan Program is a government-backed initiative designed to help homeowners finance necessary repairs, upgrades, and improvements to their primary residence. Established under the National Housing Act, this program makes funding accessible for individuals who may not qualify for traditional home equity loans due to limited equity or lower credit scores.

Purpose and Scope of the Loan
This loan program was created to support the maintenance and improvement of existing housing, thereby preserving the nation’s housing stock and enhancing community stability. The funds can be used for a wide range of home improvement projects that improve livability, utility, or safety. These improvements can include roofing, plumbing, structural repairs, heating and cooling systems, accessibility modifications, and more.

Who Is Eligible to Apply
To qualify for the Federal Housing Administration Title I loan, applicants must be the owner of the property and occupy it as their primary residence. In some cases, tenants may also qualify with the property owner’s approval. There is no minimum home equity requirement, which makes this loan especially helpful for newer homeowners or those living in areas with modest property values.

Loan Terms and Limits
The Federal Housing Administration Title I loan is available for both single-family and multifamily properties. For single-family homes, the maximum loan amount is typically thirty-five thousand dollars, with repayment terms extending up to twenty years.

Interest rates are set by the individual lenders and are generally based on the current market. These loans are unsecured; this feature reduces risk for the homeowner and simplifies the application process.

Permitted Uses of Funds
Loan proceeds must be used for permanent improvements that enhance the use or value of the property. Common eligible uses include:

  • Roof repair or replacement
  • Window and door replacement
  • Plumbing and electrical system updates
  • Heating and air conditioning installation
  • Accessibility enhancements for individuals with disabilities
  • Kitchen and bathroom remodeling
  • Energy efficiency improvements

Benefits of the Program
The Federal Housing Administration Title I Home Improvement Loan Program offers several key benefits to borrowers:

  • Accessibility for homeowners with limited equity
  • Flexible use for a broad range of essential home improvements
  • Long repayment terms that help manage monthly payments
  • No need for a home appraisal or significant documentation in many cases
  • Government insurance reduces risk for lenders, increasing borrower eligibility

These features make the program an attractive option for homeowners who need to make critical updates without taking on a second mortgage or drawing from existing equity.

How to Apply
To apply, homeowners should first contact a lender that is approved to offer Federal Housing Administration Title I loans. The lender will review the borrower’s financial situation, discuss the scope of the improvement project, and guide the borrower through the documentation and underwriting process.

A Practical Option for Necessary Home Upgrades
The Federal Housing Administration Title I Home Improvement Loan Program provides a practical, accessible financing option for homeowners who need to invest in the safety, efficiency, and longevity of their property.

For homeowners who need to repair, upgrade, or improve their home without significant equity or savings, this program may serve as a responsible and effective solution.

Filed Under: Mortgage Tagged With: Home Improvement Loan, Mortgage Education, Title I Program

Michael Inkman

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michael@michaelinkman.com
Mobile: (214) 762-4659
NMLS #152707

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Carrollton, TX 75007

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