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The fee for Washington state has been $500 for an appraisal with up to 10 days for the appraisal to be delivered. Before the appraisal crisis, many would often complain about how long it took to get a VA appraisalâ¦however, 10 days to receive an appraisal for $500 would now be a dream come true. Well get ready for higher VA fees and for the turn times to take longer. VA just issued a notice that effective November 1, 2016, the cost for an appraisal for a single family home utilizing a VA mortgage will increase to $800! In addition, appraisers will be allowed 14 business days to complete an appraisal (up from 10 business days).
A home purchased with a VA home loan is subject to a VA appraisal. And only a VA-approved appraiser can perform a VA appraisal. VA lenders are responsible for ordering VA appraisals, which are completed in 10 days on average.But as VA appraisers are in short supply in rural areas, buyers should expect the VA appraisal to take longer in sparsely-populated locales. Simple repairs shouldnât delay the VA loan process by more than a few days.A lenders are responsible for ordering VA appraisals, which are completed in 10 days on average. But as VA appraisers are in short supply in rural areas, buyers should expect the VA appraisal to take longer in sparsely-populated locales. Simple repairs shouldnât delay the VA loan process by more than a few days.