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Need an appraisal for an FHA-backed mortgage? Call The August Group Inc.

The FHA retains of approved appraisers for each state - The August Group Inc. is on the roster of approved appraisers for MO. We're certified and approved to do appraisals for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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 loan is an FHA-secured loan, it means it is underwritten by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and necessities for lending organizations 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 beneficial to those consumers with less accessible cash.