Can I be charged an appraisal fee twice?
I am switching from a VA loan to an FHA with the same lender. I already paid the 575 bucks for the va appraisal and they are asking for an appraisal fee of $ 500 again even though I won't be receiving a second appraisal. They say it is to transfer the appraisal. I k ow that appraisals transfer and xan be accessed through the VA portal. They also won't rename it to an appraisal transfer fee on the loan docs and it seems sketchy to me. by csbgrfreak536 from , California. Mar 3rd 2022
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions
Lenders don't charge you anything for appraisals. Appraisers charge for appraisals. Conventional, VA, FHA appraisals, while similar, do have different, and sometimes additional review requirements. The updated appraisal will be slightly different, and you will receive a copy of the new appraisal, even if the value remains the same. The appraiser needs to do additional work, and will change additional fees for the additional work. I lend in WI MN IA ND SD. Find me at WiMortgageBroker.com - Cambria Mortgage, NMLS 274132
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