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: St. Petersburg
The St. Petersburg Regional Loan Center (RLC) assists veterans with the purchase or refinance of a home using his or her eligibility, and provides assistance to veteranhomeowners having difficulty with their VA mortgage. You may call them toll-free at 1-888-611-5916, 8:30 AM - 4:00 PM EST, Monday-Frida, or reach them via email.
States handled:
- Alabama
- Florida
- Mississippi
- Puerto Rico
- U.S. Virgin Islands
Timeliness Standards
Origination Appraisals
- AL - 10 business days
- FL - 10 business days
- MS - 10 business days
- PR - 10 business days
Liquidation Appraisals
AL, FL, Ms, and PR - 5 business days
Appraisal Fees
| Location | Appraisal Type | |
| Single Family, Condo, Manufactured Home | $425 | |
| Alabama, Florida, Mississippi | Two Family | $500 |
| Three Family | $550 | |
| Four Family | $600 | |
| Repair Certification | $100 | |
| Puerto Rico | Single Family, Condo, Manufactured Home | $375 |
| Two Family | $575 | |
| Three Family | $625 | |
| Four Family | $675 | |
| Repair Certification | $100 | |
| U.S. Virgin Islands | Single Family, Condo, Manufactured Home | $630 |
| Two Family | $740 | |
| Three Family | $765 | |
| Four Family | $790 | |
| Repair Certification | $200 |
Appraisal fees for the islands of Vieques and Culebra will be the same as in the U. S. Virgin Islands. Reimbursement for public and private transportation expenses (air, boat and ground transportation) incurred between Puerto Rico; the islands of Vieques, Culebra and, if necessary, the U.S. Virgin Islands is authorized when accompanied by supporting documentation.
