profile picture

English Spanish

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

The FHA keeps a roster of approved appraisers for each state - The August Group Inc. is on the roster of approved appraisers for MO. This means that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them. 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 financial transaction is an FHA-secured loan, it means it is secured by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with protection by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and qualifications for lenders that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are extremely useful to buyers with less starting capital.