The August Group Inc.
We assure you that The August Group Inc. is an FHA-approved appraisal firm in MO. We're qualified and approved to do reports for FHA secured loans. Part of the regular training our staff at The August Group Inc. completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
Be sure to contact The August Group Inc. if you need an appraisal done for an FHA-secured loan.
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 capital to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and requirements for lending agencies 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. The loan programs that the Federal Housing Administration offers are acutely useful to purchasers with less starting capital.