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📄 Featured Document: VA Appraisal Fee Schedule (May 2026) The VA fee schedule lists the maximum appraisal fees and required turn times by state and county.

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8 results for What are VA appraisal fees and turn times in my area

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#1 VA Lenders Handbook (Pamphlet 26-7) Page 310

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Legal Instruments, Liens, Escrows, and Related Issues 9-2 1. Security Instruments Change Date July 30, 2019 • This chapter has been revised in its entirety. a. Requirements…

VA Lenders Handbook (Pamphlet 26-7) · VA-Lender-Handbook.pdf · Page 310 · View at official source (VA.gov — Appraisers/Staff Appraisal Reviewer) →

Legal Instruments, Liens, Escrows, and Related Issues 9-2 1. Security Instruments Change Date July 30, 2019 • This chapter has been revised in its entirety. a. Requirements Department of Veterans Affairs (VA) does not have a specific note or mortgage form that lenders must use for VA-guaranteed loans. VA regulations at 38 C.F.R. 36.4337 provide that security instruments used by a lender which are inconsistent with VA regulations in effect on the date the loan is closed will be considered amended and supplemented to conform to the regulations. Lenders must ensure that the security instruments they use: • establish the required lien • comply with the laws and regulations governing VA’s home loan program • comply with applicable state laws, and • contain the following VA clauses: o assumption approval clause, o acceleration clause, o funding fee clause, o processing charge clause, and o indemnity liability assumption clause. b. Assumption Approval Clause The instruments evidencing the loan must read substantially as follows: “THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT.” The loan assumption notice must appear conspicuously on at least one of the security instruments for the loan. Continued on next page

#2 VA Lenders Handbook (Pamphlet 26-7) Page 13

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VA Pamphlet 26-7, Revised Current Issues CI-3 2. Misleading Advertisements Changed Date September 15, 2004, Change 4 This section has been changed to create subsection lettering.…

VA Lenders Handbook (Pamphlet 26-7) · VA-Lender-Handbook.pdf · Page 13 · View at official source (VA.gov — Appraisers/Staff Appraisal Reviewer) →

VA Pamphlet 26-7, Revised Current Issues CI-3 2. Misleading Advertisements Changed Date September 15, 2004, Change 4 This section has been changed to create subsection lettering. a. Policy The Department of Veterans Affairs always strives to provide all veterans the most up-to-date and pertinent information about their benefits. Toward that end, all appropriate efforts by lenders to further educate or remind veterans about their home loan benefit and the lender’s availability to assist the veteran in obtaining the benefit is appreciated. However, it is inappropriate to direct any information about benefits to veterans which is in any way misleading. It must be clearly understood that VA has a very specific mission to serve veterans, who are declared by Congress to be a “special class of citizen,” and veterans rely on VA to provide dependable service and reliable information concerning their benefits. Any action on the part of lenders or other program participants which jeopardizes VA’s credibility with veterans or induces veterans to obtain loans which are clearly not in their best interests would be viewed by VA as actions which are detrimental to the best interests of veterans. If such a determination is made, grounds for suspension from participation in the VA Loan Guaranty Program could be established. b. Examples Example 1: In increasing numbers, VA has been receiving inquiries and complaints from veterans concerning advertisements and solicitations they have received from lenders which state that VA has a new program to refinance their VA loan and lower their interest rate, an Interest Rate Reduction Refinancing Loan (IRRRL). The IRRRL program has been available to veterans since the enactment of The Veterans’ Disability Compensation and Housing Benefits Amendments of 1980 (Public Law 96-385). In addition, many of these solicitations suggest that the lender has some special relationship with VA that enables only them to offer this loan opportunity. Some even clearly attempts to give the impression that the “letter” the veteran received came from VA. Continued on next page

#3 VA Appraisal Guidelines (Ch. 11) Page 4

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-4 3. VA Appraisal Requirements Change Date October 1, 2008 Change 8 This section has been changed to update subsection a to provide instructions for completing the borrower field…

VA Appraisal Guidelines (Ch. 11) · ch11.pdf · Page 4 · View at official source (VA.gov — Appraisers/Staff Appraisal Reviewer) →

-4 3. VA Appraisal Requirements Change Date October 1, 2008 Change 8 This section has been changed to update subsection a to provide instructions for completing the borrower field in the appraisal report form and to make minor grammatical edits. a. General Requirements Every VA appraisal must: • name VA as the client on the appraisal report form, • insert “Any Qualified Veteran,” rather than the veterans name in the borrower field of the appraisal report form, • be performed within VA timeliness requirements, • conform to Uniform Standards of Professional Appraisal Practice (USPAP), • meet the additional requirements (as outlined in this chapter) that VA considers to be supplemental to USPAP, and • be uploaded into E-Appraisal by the appraiser as a Portable Document Format (PDF) document. b. Timeliness Fee appraisers must complete VA assignments as quickly as appraisals for conventional loans are generally completed in the area where the property is located. An exception may be allowed in a particular case if: • Valid extenuating circumstances are documented, and the • VA Regional Loan Center (RLC) with jurisdiction is notified on IND cases, or the • Lender Appraisal Processing Program (LAPP) lender, indicated on VA Form 26-1805, Request For Determination of Reasonable Value (Real Estate), item 5a, is notified on LAPP cases. Note: Liquidation appraisals must be completed within five business days. The time required to gain interior access (see section 13 of this chapter) will not be counted against this standard. VA will consider reasonable explanations for delays beyond the control of the appraiser. RLCs will consider adding appraisers to the fee panel in areas where it consistently takes lenders longer to obtain a VA appraisal than a comparable conventional appraisal. Continued on next page

#4 HUD/FHA Single Family Handbook 4000.1 Page 764

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B. Title II Insured Housing Programs Reverse Mortgages 8. Programs and Products - HECM For Purchase (04/10/2025) Handbook 4000.1 737 Last Revised: 11/26/2025 “It is expressly…

HUD/FHA Single Family Handbook 4000.1 · HUD_FHA_4000.1.pdf · Page 764 · View at official source (HUD.gov — SFH Handbook 4000.1) →

B. Title II Insured Housing Programs Reverse Mortgages 8. Programs and Products - HECM For Purchase (04/10/2025) Handbook 4000.1 737 Last Revised: 11/26/2025 “It is expressly agreed that notwithstanding any other provisions of this contract, the purchaser shall not be obligated to complete the purchase of the property described herein or to incur any penalty by forfeiture of earnest money deposits or otherwise, unless the purchaser has been given, in accordance with HUD/FHA or VA requirements, a written statement by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender setting forth the appraised value of the property of not less than $___________*. The purchaser shall have the privilege and option of proceeding with consummation of the contract without regard to the amount of the appraised valuation. The appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will insure. HUD does not warrant the value or condition of the property. The purchaser should satisfy himself/herself that the price and condition of the property are acceptable.” Mortgagees must ensure the actual dollar amount of the sales price stated in the contract has been inserted in the amendatory clause. Increases to the sales price require a revised amendatory clause. An amendatory clause is not required in connection with: • HUD Real Estate Owned (REO) sales; or • sales in which the seller is: Fannie Mae; Freddie Mac; U.S. Department of Veterans Affairs (VA); United States Department of Agriculture (USDA) Rural Housing Services; other federal, state, and local government agencies; a Mortgagee disposing of REO assets; or a seller at a foreclosure sale. (2) Real Estate Certification The Borrower, seller, and real estate agent or broker involved in the sales transaction must certify, to the best of their knowledge and belief, that (1) the terms and conditions of the sales contract are true and (2) any other agreement entered into by any parties in connection with the real estate transaction is part of, or attached to, the sales agreement. A separate certification is not needed if the sales contract contains a statement that (1) there are no other agreements between parties and the terms constitute the entire agreement between the parties, and (2) all parties are signatories to the sales contract submitted at the time the financial assessment is performed.

#5 HUD/FHA Single Family Handbook 4000.1 Page 161

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A. Title II Insured Housing Programs Forward Mortgages 1. Origination/Processing Handbook 4000.1 134 Last Revised: 11/26/2025 “It is expressly agreed that notwithstanding any…

HUD/FHA Single Family Handbook 4000.1 · HUD_FHA_4000.1.pdf · Page 161 · View at official source (HUD.gov — SFH Handbook 4000.1) →

A. Title II Insured Housing Programs Forward Mortgages 1. Origination/Processing Handbook 4000.1 134 Last Revised: 11/26/2025 “It is expressly agreed that notwithstanding any other provisions of this contract, the purchaser shall not be obligated to complete the purchase of the property described herein or to incur any penalty by forfeiture of earnest money deposits or otherwise, unless the purchaser has been given, in accordance with HUD/FHA or VA requirements, a written statement by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender setting forth the appraised value of the property of not less than $___________*. The purchaser shall have the privilege and option of proceeding with consummation of the contract without regard to the amount of the appraised valuation. The appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will insure. HUD does not warrant the value or condition of the property. The purchaser should satisfy himself/herself that the price and condition of the property are acceptable.” * Mortgagees must ensure the actual dollar amount of the sales price stated in the contract has been inserted in the amendatory clause. Increases to the sale price require a revised amendatory clause. An amendatory clause is not required in connection with: • HUD REO sales; • FHA’s 203(k) mortgage program; • sales in which the seller is: o Fannie Mae; o Freddie Mac; o U.S. Department of Veterans Affairs (VA); o United States Department of Agriculture (USDA) Rural Housing Services; o other federal, state, and local government agencies; o a Mortgagee disposing of REO assets; or o a seller at a foreclosure sale; or • sales in which the Borrower will not be an owner-occupant (for example, sales to nonprofit agencies). (ii) Real Estate Certification The Borrower, seller, and the real estate agent or broker involved in the sales transaction must certify, to the best of their knowledge and belief, that (1) the terms and conditions of the sales contract are true and (2) any other agreement entered into by any parties in connection with the real estate transaction is part of, or attached to, the sales agreement. A separate certification is not needed if the sales contract contains a statement that (1) there are no other agreements between parties and the terms constitute the entire agreement between the parties, and (2) all

#6 VA Appraisal Guidelines (Ch. 11) Page 9

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-9 5. Submission of Appraisal Reports Change Date October 1, 2008, Change 8 This section has been updated for minor grammatical edits. a. Electronic Transmission Fee appraisers…

VA Appraisal Guidelines (Ch. 11) · ch11.pdf · Page 9 · View at official source (VA.gov — Appraisers/Staff Appraisal Reviewer) →

-9 5. Submission of Appraisal Reports Change Date October 1, 2008, Change 8 This section has been updated for minor grammatical edits. a. Electronic Transmission Fee appraisers are required to upload their appraisals into E-Appraisal at the VA Veterans Information Portal (VIP) web site (https://vip.vba.va.gov). System failures of VIP or E-Appraisal should be reported to: VIP@vba.va.gov. In the event of system unavailability(ies), VA appraisers may e-mail their report to the Lender Appraisal Processing Program (LAPP) Lender or to VA (IND Cases), but must upload into E-Appraisal at a later time when the system(s) is available. As with all other aspects of the VA appraisal process, fee appraisers must meet all Uniform Standards of Professional Appraisal Practice (USPAP) requirements applicable to electronically transmitted appraisal reports. The appraiser must upload a fully completed appraisal report with all related exhibits, including photographs, into E-Appraisal using the Portable Document Format (PDF) from Adobe Acrobat®. b. Access to Appraisal Reports VA staff, lenders, agents, servicers, and other requesters with VA issued ID numbers that are associated with the loan number will be able to retrieve the appraisal from E-Appraisal for review, issuance of the Notice of Value (NOV), or other functions. Only the latest copy of the appraisal uploaded into E- Appraisal will be available for retrieval. Continued on next page

#7 Fannie Mae Selling Guide Page 1144

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consumer reporting agency (or bureau) An organization that is engaged in the preparation of reports that are used by credit grantors to determine the credit and public records…

Fannie Mae Selling Guide · Selling Guide - 06-03-2026.pdf · Page 1144 · View at official source (selling-guide.fanniemae.com) →

consumer reporting agency (or bureau) An organization that is engaged in the preparation of reports that are used by credit grantors to determine the credit and public records history of an individual. The agency obtains data for these reports from repositories of accumulated credit records as well as from other sources. conventional mortgage A mortgage that is not insured or guaranteed by a federal government agency—the Federal Housing Administration (FHA), the Department of Housing and Urban Development (HUD), the Department of Veterans Affairs (VA), or Rural Development (RD). Conventional mortgages delivered to Fannie Mae must also be conforming mortgages. converted ARM resale commitment A type of whole loan commitment to provide coverage for the redelivery of converted ARMs that were originally in an MBS pool that had a take-out post-conversion disposition option. convertible ARM A type of adjustable-rate mortgage that includes an option for the borrower to change the mortgage to a fixed- rate mortgage in the early years of the mortgage term. cooperative (co-op) corporation A business trust entity that holds title to a co-op project and grants occupancy rights to particular apartments or units to shareholders through proprietary leases or similar arrangements. cooperative (co-op) mortgages Mortgages related to a co-op project. This usually refers to multifamily mortgages covering the entire project. cooperative (co-op) project A residential or mixed-use building wherein a corporation or trust holds title to the property and sells shares of stock representing the value of a single apartment unit to individuals who, in turn, receive a proprietary lease as evidence of title. cooperative (co-op) share loan A loan secured by a co-op unit that finances (or refinances) the purchase of an ownership interest and the accompanying occupancy rights in a co-op housing corporation. It is secured by an assignment of the occupancy agreement and a pledge of the co-op shares. correction Action taken by the lender, typically through delivery of documentation or information to Fannie Mae, that demonstrates that the identified significant defect (i) did not, in fact, exist at the time of loan purchase or securitization; or (ii) has been corrected in the time frame and manner specified in the Lender Contract such that the defect is no longer considered by Fannie Mae to be a significant defect. correspondent origination

#8 2024 USPAP Page 327

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of the following: 1. the reporting of a predetermined result (e.g., opinion of value): 2. a direction in assignment results that favors the cause of the client; 3. the amount of a…

2024 USPAP · 2024_USPAP_text.txt · Page 327 · View at official source (The Appraisal Foundation — USPAP) →

of the following: 1. the reporting of a predetermined result (e.g., opinion of value): 2. a direction in assignment results that favors the cause of the client; 3. the amount of a value opinion; 4, the attainment of a stipulated result (e.g., that the loan closes or taxes are reduced); or 5. the occurrence of a subsequent event directly related to the appraiser's opinions and specific to the assignment's purpose. (Bold added for emphasis) Standards Rule 2-3(a), 4-3(a), 6-3(@), 8-3(a), or 10-3(@), as applicable, also requires an appraiser to state that their compensation for completing the assignment is not contingent upon a subsequent event. Being paid an extra amount for other assignments does not change this result. 38. APPRAISAL FEES AS PERCENTAGES OF VALUE CONCLUSIONS, Question: Is It acceptable for an appraisal fee to be based on a percentage of the value conclusion? Response: No. The Management section of the ETHICS RULE states: An appraiser must not agree to perform an assignment, or have a compensation arrangement for an assignment, that is contingent on any of the following: 1. the reporting of a predetermined result (e.g., opinion of value); 2. a direction in assignment results that favors the cause of the client: 3. the amount of a value opinion; 4. the attainment of a stipulated result (e.g., that the loan closes or taxes are reduced); or 5. the occurrence of a subsequent event directly related to the appraiser's opinions and specific to the assignment’s purpose. (Bold added for emphasis) This is reiterated in the signed certification (Standards Rule 2-3, 4-3, 6-3, 8-3, and 10-3) that must be included in each appraisal or appraisal review report. 39, APPRAISAL FEE IS CONTINGENT ON THE APPRAISED VALUE Question: A potential cllent has asked me to complete a form Indicating what my appraisal fees would be for different assignments. The form asks me to Indicate my appraisal fees according to appraised value, e.g., to list the fee for assignments with appraised values between $100,000 and $299,000, $300,000 to $499,006, etc. Is It a violation of USPAP to quote fees In this manner? USPAP Guidance: Frequently Asked Questions co 159 © The Appraisal Foundation sac --- Page 248 --- Sb < ETHICS RULE - MANAGEMENT Response: Yes. This is in violation of USPAP. Completing and submitting such a form to a potential client establishes a compensation arrangement for assignments that Is contingent on the amount

Chief Appraiser Says Reading the actual guideline text below — never a general AI guess

We can't tell you specific VA appraisal fees or turn times from these passages—they don't contain that information. What we do know from VA guidelines is that appraisers must complete VA appraisals as quickly as they complete conventional appraisals in your area, with exceptions only for documented delays beyond the appraiser's control; liquidation appraisals must be done within five business days. The guidelines also make clear that appraisal fees cannot be based on the appraised value itself, according to USPAP standards. For your specific area's fees and typical turn times, you'd need to contact VA lenders or appraisers directly. Straight from VA Appraisal Guidelines (Ch. 11) and 2024 USPAP — nothing added.

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