Mullenix & Richards Appraisal Service is ready for your FHA loans

Mullenix & Richards Appraisal Service is WV state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Mullenix & Richards Appraisal Service is well-trained on how to follow the rules and regulations provided.

If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.

If your property loan is FHA insured, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to benefit low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting funds to put down on a financial transaction benefit the most from FHA loan programs.