The August Group Inc. is approved for FHA mortgages
The FHA maintains of approved appraisers for each state - The August Group Inc. is on the roster of approved appraisers for MO. We're qualified and approved to do appraisal reports for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact The August Group Inc. if you need an appraisal done for an FHA-secured loan.
If your financial transaction is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. Accessible to all consumers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those buyers with less accumulated funding.