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. This indicates that we are certified and approved by the FHA to do appraisal reports for property loans underwritten by them. 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 organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is secured by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with protection with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to assist low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those purchasers with less accumulated cash.