Need an appraisal for an FHA-backed mortgage? Call The August Group Inc.
The FHA keeps a roster of approved appraisers for each state - The August Group Inc. is on the roster of approved appraisers for MO. If you have an FHA-secured loan, be sure to get with The August Group Inc., as we are approved and qualified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at The August Group Inc. is well-trained on how to comply with the rules and regulations provided.
Be sure to contact The August Group Inc. if you need an appraisal done for an FHA-secured loan.
An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to aid low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting capital to use as a down-payment on a financial transaction are assisted the most from FHA loan programs.