The August Group Inc. is approved for FHA mortgages
The FHA maintains of approved appraisers for each state - The August Group Inc. is on the roster of approved appraisers for MO. We are certified and approved to do appraisals for FHA insured financial transactions. A certain amount of the periodic training our staff at The August Group Inc. undergoes deals strictly with comprehending 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.
If your loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to assist low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are extremely helpful to purchasers with less starting capital.