When applying for a VA loan, it's important to remember that an appraiser is always required to estimate the true value of the home. Their decision affects the bottom line: the VA will only back a loan to the maximum value of the home. It may come as a surprise, but where you live can affect appraiser fees. The VA has a few regional loan centers that handle multiple states, and their standards set the bar on how much you pay for the appraiser to look at the home.
This week's regional center spotlight: Roanoke
States handled:
- District of Columbia
- Kentucky
- Maryland
- Virginia
- West Virginia
Telephone inquiries:
- For questions about VA benefits, call toll free 800-827-1000
- For questions about the VA Home Loan Guaranty Program, call 800-933-5499
Submit an application on-line -- This link will open in a new window, allowing you to apply for your Certificate of Eligibility for a VA home loan from the VA.
Ask VA a Question -- Clicking on the link will direct you to a location where you can look through our Frequently Asked Questions (FAQs) or send us a personal electronic inquiry.
VA home loan questions -- email our Loan Processing mailbox
Timeliness Requirements
Origination Cases -- 10 or less business days from the date the appraiser receives the assignment.
Liquidation Cases -- 5 or less business days unless the property is vacant. If vacant, appraiser must wait for interior access.
Appraisal and Inspection Fees
| Location | Type | Origination | Liquidation |
|
Virginia WV |
SFR/Condo/MH | $400 | $450 |
| 2-4 Family | $550 | $600 | |
| Kentucky (counties of Jefferson, Warren and Fayette; cities of Louisville, Bowling Green and Lexington) | SFR/Condo/MH | $325 | $375 |
| 2-4 family | $475 | $525 | |
| Kentucky (All other cities and counties) |
SFR/Condo/MH | $375 | $425 |
| 2-4 Family | $525 | $575 |
| Re-inspection Fees (Exiting and New Construction, except Kentucky) | $75 |
| Re-inspection Fees (Existing and New Construction, Kentucky) | $65 |
