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Answers (15)
- Clay Branch, "Georgia Loans"
- Contributions:7857
fvoom, did your home appraise for a higher value than your assessed value? If so, it sounds like you think that is a bad thing, it's not.
- fvoom
- Contributions:3
yes, I just paid 395.00, watch out you will be in a shock once they tell you your house worth. It may be more than the city appraised for taxes.
- joel lobb, "kentucky home loan"
- Contributions:21
The appraisal management we are currently using charges $309 for a FHA appraisal in Jefferson County.
- agentblu15
- Contributions:353
The appraisal itself, if it came straight from the appraiser, could potentially be as low as $200. However, because of HVCC rules and the middlemen involved (the bank and the management company), the markup usually takes the fee to somewhere between $400-$500, as others have stated. This can also be impacted by the location of the property (rural areas tend to be more), the complexity of the assignment (unusual, high value, or multifamily properties tend to be more), which management company your lender uses, and how much of a cut your lender takes.
I've seen appraisal fees for high value, rural acreage properties and unusual properties like geodesic dome homes and berm homes go as high as $1000-$1200, so it could definitely be a lot worse!
I've seen appraisal fees for high value, rural acreage properties and unusual properties like geodesic dome homes and berm homes go as high as $1000-$1200, so it could definitely be a lot worse!
- Tony Grego, "tgrego"
- Contributions:25
Sounds about right. Please note that you do "own" the apprasial and if you need to switch lenders you take the apprasial with you.
Good luck
Tony
Good luck
Tony
- Lonnie Jaffe, "Mortgage Advisory"
- Contributions:14
The Federal Government and Local Governments has instituted many changes over this last year. One of them provides for a centralized system in each State for appraising single and multi family dwellings. This centralization has caused some minor pricing increase to the borrower. It is necessary to know that no matter how much that fee is for appraising your property, the lender must pass on to you without any mark up that same price he has paid out for the appraisal and as well, you can receive a copy of the invoice for the appraisal to confirm the fee.
- Robert Piccolo, "rob.piccolo"
- Contributions:4
$465 doesn't seem out of line. I've seen them as high as $500. Good Luck!
FHA appraisals typically range from $400 - $500, but could be different for your area. Also, you didn't state if this was for a single family home or a multi-family home (2-, 3-, or 4-units). FHA appraisals for single family homes are usually around $400, while appraisals for multi-family homes are typically around $500. Lenders can not "overcharge" or mark-up the appraisals.
- Timothy Sutherland, "SunTrust"
- Contributions:619
If you check the auto -quotes; a lot of them seem to have found appraisers that only charge $200. (tongue-in-cheek)
$400 to $500 is about the normnal range. FHA doesn't allow overcharging of appraisals, so in the end you'll only be charges straight off the bill from the appraiser.
$400 to $500 is about the normnal range. FHA doesn't allow overcharging of appraisals, so in the end you'll only be charges straight off the bill from the appraiser.
- Voyage Home Loans
- Contributions:67
- Lindsey M. Bishop
- Contributions:379
I see FHA appraisals cost up to $475 in some counties.
Yes, this is within the current price range of $400.00 - $500.00 for FHA Appraisal.
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
$425 aappears to be the minimum. $465 does not appear to be out of line. You're paying for. Ask for a receipt. This will also appear on your GFE and Closing Statement. ... Best wishes, Rudi
I am applying for an FHA mortgage,my lender says the Appraisal fee is $465.00 Does that sound right?
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