The August Group Inc. can do FHA backed loans
The FHA maintains of approved appraisers for each state - The August Group Inc. is on the roster of approved appraisers for MO. This indicates that we are qualified and approved by the FHA to do reports for home loans backed by them. Part of the periodic training our staff at The August Group Inc. completes deals precisely with decoding the FHA's documentation and their rules and procedures.
Be sure to contact The August Group Inc. if you need an appraisal done for an FHA-secured loan.
If your house loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all buyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are extremely beneficial to buyers with less starting income.