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Regarding appraisal cost, average conventional loan appraisal is $350. How about FHA loan appraisals average?

Lrexroad
Other/Just Looking
Mena, AR

Answers (3)
Michael Humphre...
Mortgage Broker
or Lender

Winchester, VA

I have found that most appraisers charge about $50-$75 more to do FHA then conventional. Its because an FHA appraisal requires more licensing and a more work for them to complete.

Wed Aug 26 2009, 11:58
Bill Polack
Mortgage Broker
or Lender

Atlanta, GA

The price depends on the type of property (condo, single family) and the size (small, medium or Michael Vick's former residence). The larger the property, usually the higher the price. FHA can range from $300 to as much as $500. There is no set price. You may use your own appraiser or the lender's appraiser. So, if you have a friend who can cut his price for you, go for it. Just make sure he/she is licensed currently and can do FHA appraisals.

Mon Aug 24 2009, 08:17
David Baker
Mortgage Broker
or Lender

Des Moines, IA
FIRST ANSWER

Anymore, even conventional appraisals are more expensive due to the requirement of HVCC and Appraisal Management Companies inflating the cost of appraisals. FHA in this area is usually around $400, but when an appraiser calls to make the appointment I always suggest asking their fee and even negotiating at that point if necessary.

Sun Aug 23 2009, 09:10

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