Need an appraisal for an FHA-backed mortgage? Call The August Group Inc.
The FHA publishes a list of approved appraisers for each state - The August Group Inc. is on the roster of approved appraisers for MO. We are 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.
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 financial transaction is an FHA-insured loan, it means it is underwritten by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower doesn't pay their loan. The FHA and their loan programs are formed to assist low-to-moderate income buyers help meet credit requirements if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly helpful to those purchasers with less accumulated funding.