Between $350 - $550.
Laura Coffey, Agent, Santa Clarita, CA. An FHA appraisal costs $350 - $550. A good way to keep the cost down is to make sure the house being appraised is FHA compliant. If its not the appraiser will have to go back out to do a respect ion of the property which usually will cost the buyer another $100 FHA rules about appraisal fees include a stipulation that fees must not be set according to performance; the fee can’t be determined based on the outcome of the appraisal. This rule eliminates the potential for inflated values or undervalued properties based on how much fee is paid. That’s why getting the FHA appraisal is so important–no loan amount can be approved without knowing how much the home is worth. The buyer pays for an FHA appraisal, and an FHA-approved professional is required to do the job, so it’s only logical to assume the FHA would set the appraisal fee. But this is not true. The FHA does not establish fees or rate structures for FHA appraisals. That’s not to say the FHA doesn’t have rules governing FHA fees, but according to FHA requirements, “the marketplace best determines what is reasonable and customary in terms of establishing fees for appraisal services For more detailed information on FHA appraisal requirements in 2014, please refer to the Property Analysis section of HUD Handbook 4150.2. Bottom line: When inspecting the home, the FHA appraiser's primary concern is the health and safety of the borrower. The FHA appraisal process involves a detailed review of the home in order to determine its current market value and overall condition. HUD has specific guidelines and requirements for FHA home appraisals in 2014. I'm an appraiser in Washington State. I typically would charged $450.00 for a FHA appraisal, that was entell March 15, 2010. Thanks to HVCC, now the AMC's have all the orders and they are only willing to pay me $225.00 for the same report. Follow the money.  Since we lenders no longer control our appraiser list, the Appraisal Management Companies out there range depending on the area, sales price, type of loan, and turn time. The cheapest I have seen is $375.00 but most range in the $450.00 to $500.00 area now. An FHA appraisal costs $350 - $550. A good way to keep the cost down is to make sure the house being appraised is FHA compliant. If its not the appraiser will have to go back out to do a respect ion of the property which usually will cost the buyer another $100 Appraisal: A home appraisal is a professional appraiser's estimate of the current market value of a property. Appraisers consider local market conditions as well as the characteristics of the property in question. Mortgage lenders typically require home appraisals for both FHA and conventional loans. The FHA appraisal process involves a detailed review of the home in order to determine its current market value and overall condition. HUD has specific guidelines and requirements for FHA home appraisals in 2014. For example, if your new FHA Streamline Refinance is for $100,000 mortgage, the FHA will assess a $10 upfront mortgage insurance premium (MIP) to be paid by you at closing. The FHA automatically adds the $10 payment to your new loan balance. For an FHA Streamline Refinance which replaces a FHA loan endorsed prior to June 1, 2009 and for which the mortgage is a jumbo FHA mortgage (i.e. loan size exceeds $625,500), no additional mortgage insurance premiums are due. Note: FHA jumbo loans over $625,500 are permitted in high-cost metropolitan areas only. The FHA does not establish fees or rate structures for FHA appraisals. That’s not to say the FHA doesn’t have rules governing FHA fees, but according to FHA requirements, “the marketplace best determines what is reasonable and customary in terms of establishing fees for appraisal services. An FHA appraisal costs $350 - $550. A good way to keep the cost down is to make sure the house being appraised is FHA compliant. If its not the appraiser will have to go back out to do a respect ion of the property which usually will cost the buyer another $100
http://www.trulia.com/voices/Home_Buying/How_much_does_a_FHA_appraisal_cost_-453738 http://www.fhanewsblog.com/2010/12/how-much-does-an-fha-appraisal-cost/ http://www.qualifiedmortgage.org/fha-appraisal-overview.php http://www.zillow.com/advice-thread/595-for-an-FHA-Appraisal-Why-so-much/328673/ http://www.trulia.com/voices/Home_Buying/How_much_does_a_FHA_appraisal_cost_-453738 http://www.qualifiedmortgage.org/fha-appraisal-overview.php http://themortgagereports.com/1604/fha-streamline-refinance-mip-refund http://www.trulia.com/voices/Home_Buying/How_much_does_a_FHA_appraisal_cost_-453738
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