Need an appraisal for an FHA-backed mortgage? Call The August Group Inc.
We are happy to say that The August Group Inc. is an FHA-approved appraisal firm in MO. This indicates that we are qualified and approved by the FHA to do appraisals for property loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are created to help low-to-moderate income consumers help meet credit qualifications if they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA offers are exceedingly helpful to consumers with less starting capital.