The August Group Inc.
We confidently state that The August Group Inc. is an FHA-certified appraisal company in MO. If you have an FHA-insured loan, be sure to hire The August Group Inc., as we are approved and qualified to perform FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at The August Group Inc. is well-trained on how to follow the rules and regulations provided.
Be sure to contact The August Group Inc. if you need an appraisal done for an FHA-secured loan.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lenders that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting money to put down on a financial transaction are helped the most from Federal Housing Administration loan programs.