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: Denver
The Denver Regional Office is open for walk-in interviews with our Benefits Counselors from 8:00 a.m. until 4:00 p.m., Monday through Friday. The Regional Office Benefits Counselors are available by telephone
(1-800-827-1000) from 7:00 a.m. until 7:00 p.m. MST, Monday through Friday.
States handled:
- Alaska
- Colorado
- Idaho
- Montana
- Oregon
- Washington
- Wyoming
Timeliness standards:
| State | Business Days |
| Alaska | |
|
Anchorage/Eagle River/Fairbanks |
10 |
| Kodiak | 15 |
| Juneau | 12 |
| Ketchikan | 21 |
| Kenai/Soldotna | 15 |
| North Pole | 12 |
| Wasilla/Plamer | 12 |
| Colorado | 7 |
| Idaho | 7 |
| Montana (Except counties shown below) | 10 |
| Fergus, Gallatin, Meagher, Park, Sweet Grass, Wheatland | 21 |
| Oregon | 10 |
| Utah | 7 |
| Washington | 7 |
| Wyoming | |
| Ceyenne | 7 |
| Rest of State | 10 |
Fee Schedule September 2012
| State | Single Family | Duplex | Tri-Plex | 4Plex | Condo | *Liquidation Appraisals | Repair Iinspection |
| Alaska | $700 | $850 | $900 | $900 | $700 | See Below | $100 |
| Colorado | $400 | $600 | $625 | $650 | $400 | See Below | $100 |
| Idaho | $450 | $650 | $675 | $675 | $475 | See Below | $100 |
| Montana | $500 | $600 | $625 | $650 | $500 | See Below | $100 |
| Oregon | $500 | $600 | $625 | $650 | $500 | See Below | $100 |
| Utah | $425 | $650 | $650 | $650 | $425 | See Below | $100 |
| Washington | $500 | $650 | $750 | $800 | $500 | See Below | $100 |
| Wyoming | $500 | $600 | $625 | $650 | $500 | See Below | $100 |
NOTE: The above- indicated fee for single family, duplex, triplex, 4-unit, and condo appraisals includes a $50 VA nationally approved fee for the completion of the 1004MC form. This form is required on all VA appraisals, to include liquidation appraisals.
*If the appraisal is completed for liquidation appraisal purposes, appraisers are authorized to charge an additional $50 fee above the fee indicated for the particular type of appraisal shown above.
Any allowable mileage fee is calculated at $.555 per mile.
