Need an appraisal for an FHA-backed mortgage? Call The August Group Inc.
The August Group Inc. is MO state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA secured loans. A certain amount of the ongoing training our staff at The August Group Inc. receives 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.
An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and qualifications for lenders that 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. FHA loan programs are particularly helpful to those purchasers with less accumulated starting capital.