Need an appraisal for an FHA-backed mortgage? Call Magher Appraisals, Inc.

Magher Appraisals, Inc. is FL state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisals for property loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. The FHA does not loan capital to borrowers, rather, it provides lenders with security by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are formed to help low-to-moderate income buyers help meet credit expectations if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting funds to put down on a mortgage are helped the most from FHA loan programs.