Are FHA appraisals typically lower than conventional loan appraisals?

The cost is generally more. However, in terms of what the value would come back, the loan type does not affect this. An appraisal is an appraiser's opinion of value in regard to comparable home sales in the area. A loan product type will not dictate or impact this value in any way.

Just the opposite. FHA Appraisal is higher than Conventional Appraisal

The cost of the FHA is higher as there is more work for the appraiser, but true value should be consistent FHA or conventional. They will be looking at the comparable properties. FHA will have tougher standards for what they will accept as a habitable home. The appraisal should only be part of your decision on which loan to go with. Look at how long you plan to stay in the house and your break even point for out of pocket money on the two loans monthly and over all.

Hello. FHA and Conventional appraisals generally have different costs for the actual appraisal. Estimated costs can be any where from $425 - $575, but if it is rural, unique or any special type property it could be higher. A third party appraisal company will have an appraiser go to the property to appraise it, and it doesn't matter if it is FHA or Conventional as the appraiser will appraise the property based on his experience, the market and the comps that are available to assess value.

Your questions is confusing.. if your asking about whether or not the cost of an appraisal is more for FHA then conventional, then the answer is not really. they are about the same.. There might be a difference from one lender to another but typically, the appraisal cost is about the same (within a $100). If your asking if the property valuation is different, FHA vs. Conventional, then the answer is no.. the value of a property is determined by comparing your property to other "Like" properties.. how you intend on paying for the home has nothing to do with your value.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

From my experience, the cost of the appraisal is usually more expensive with FHA than it is with conventional appraisals. However, if you are talking about the value the appraisal comes in with, then there is no difference between the two. The value would be the same regardless of what loan type you used. Best wishes, Sean