Asked by Van, Stirrup Creek, Durham, NC • Tue Oct 27, 2009
I have applied for a FHA mortgage loan with Wells Fargo. The loan officer made me sign all sort of papers, then charge my account for an appraisal 520.- before approving my application for an FHA loan . The purchase price was 130.000- and the appraisal value was 145.000-, but the bank turned down my application on the basis of my insufficient income.
Is it normal they have ordered the appraisal before approving my loan, and make me incur such expense?
Where should I complain about this?
Real Estate in Las Vegas
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