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. If you have an FHA-mortgage, be sure to contact The August Group Inc., as we are approved and qualified to handle FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with security through mortgage insurance in case the borrower does not pay his or her loan obligations. Accessible to all homebuyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are exceedingly beneficial to purchasers with less starting capital.