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: Houston
To contact the Houston regional loan office, review the following phone numbers:
Loan Production - (713) 383-1853
Loan Administration - (713) 383-1852
Construction and Valuation - (713) 383-1855
Specially Adapted Housing - (713) 383-1858
States handled:
- Arkansas
- Louisiana
- Oklahoma
- Texas
Timeliness Requirements
Liquidation apprisals - 5 business days
Origination appraisals (LAPP/IND) - 10 business days
AR | LA | OK | Houston | Waco | |
Single Family (Existing, Proposed, and Liquidation) | $400 | $400 | $400 | $400 | $400 |
Two Units | $450 | $500 | $450 | $450 | $450 |
Three Units | $450 | $500 | $450 | $500 | $500 |
Four Units | $450 | $500 | $450 | $550 | $550 |
Condominium | $400 | $425 | $450 | $425 | $450 |
Other Fees
- Compliance Inspection: $100 for all locations.
- Mileage: Must be authorized in advance by the Houston office.
- Late Fees: A reasonable late fee may be charged if payment has not been made within 30 days of billing. Late fees may not be charged to the veteran and VA will not assist in the collection of late fees.