Need an appraisal for an FHA-backed mortgage? Call The August Group Inc.
We are happy to say that The August Group Inc. is an FHA-certified appraisal practice in MO. If you have an FHA-mortgage, be sure to get with The August Group Inc., as we are approved and qualified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
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 backed by them. The FHA does not provide funds to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are designed to aid low-to-moderate income purchasers help meet credit expectations if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly useful to those purchasers with less accessible cash.