Need an appraisal for an FHA-backed mortgage? Call The August Group Inc.
The FHA publishes a list of approved appraisers for each state - The August Group Inc. is on the roster of approved appraisers for MO. If you have an FHA-mortgage, be sure to hire The August Group Inc., as we are approved and qualified to produce FHA reports. A portion of the continuing training our staff at The August Group Inc. completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the loaned money; the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Applicable to all homebuyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are extremely helpful to consumers with less starting capital.