VA appraisals

VA Loan Reader Questions: How Much Are My Appraisal Fees?

April 9, 2013

VA Loan Reader Questions: How Much Are My Appraisal Fees?


A reader asks, “What is the cost of a VA appraisal on previously owned home and property?”

The answer isn’t as simple as quoting a price–VA appraisal fees vary from state to state, and in some cases may vary depending on the zip code you live in within that state. There is no single, set VA appraisal fee.

For all such region-specific questions, it’s best to ask the loan officer you’re working with or contact the VA Regional Loan Center (RLC) with jurisdiction over your area. This leads to another question some readers are surely asking at this point–why aren’t there standardized fees for VA loans?

Why do appraisals, compliance inspections, and related services have different costs depending on where you are buying the home?

It’s a simple matter of economics, really. In the same way that car repairs, dentist visits, and plumbing services have different costs depending on where you live, appraisals also have varying price tags. An appraisal is a service rendered. It is not a service the lender may provide and there are plenty of variables that affect how the work is done and how the billing is determined.

Some states have a large expanse for a single appraiser to cover–there is added driving time, fuel expenses and other factors that may affect the final cost of the work.

The cost of your VA appraisal fee and any related compliance inspections is something you should budget for when preparing for the VA loan application process. Borrowers should assume there may be a required compliance inspection and budget for that fee as well, just in case.

If you are concerned about the general amount of the VA appraisal work, contact your nearest VA Regional Loan Center to learn what the fees may be in your area depending on the type of loan and other factors.

You can find your VA Regional Loan Center here.

Do you have questions about VA home loans or refinance loans? Ask us in the comments section.

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