NEW VA Fees and Timeliness Schedules Released Effective Dec 1

[Kitarkus]

VA has released their new timeliness and fees schedules effective Dec. 1 2021. To my eyes...they no longer segregate certain counties from the more populated 'metroplex' counties within my two states. In my two states...fees for 1004 URAR will rise by 28% and 44% respectively.....without delineating certain counties which pay more/less throughout the state.

Great news. https://www.benefits.VA.gov/homeloans/documents/docs/va_fee_timeliness.pdf

 

[RSW]

Our fees remained the same as before.

 

[LesPaul59]

VA has released their new timeliness and fees schedules effective Dec. 1 2021. To my eyes...they no longer segregate certain counties from the more populated 'metroplex' counties within my two states. In my two states...fees for 1004 URAR will rise by 28% and 44% respectively.....without delineating certain counties which pay more/less throughout the state.

Great news. https://www.benefits.VA.gov/homeloans/documents/docs/va_fee_timeliness.pdf

All I see when I click on the map are effective changes from 2020. Am I missing something?

 

[OSU Beavers]

Here https://www.benefits.VA.gov/homeloans/documents/docs/va_fee_timeliness.pdf

and scroll down

 

[Tiffany Gibbons]

Our fees remained the same as before.

No, they all went up, finally recognizing the high demand areas. Open the attached PDF, they have not updated where you click on the state yet. I'll start going back to some more outlying counties now.
They took away $50 on liquidation but we now get 7 days on those, which makes a lot more sense if you have to try 3 times to get in and then do an exterior 2055.

 

[Civic]

They emphasise that current fees are inflated due to sudden imcrease in demand & will return to normal at some point. It states so on top of the pdf. I was about to get licence reciproocity in Colorado as VA pays a lot there but not so sure now.

 

[RSW]

No, they all went up, finally recognizing the high demand areas. Open the attached PDF, they have not updated where you click on the state yet. I'll start going back to some more outlying counties now.
They took away $50 on liquidation but we now get 7 days on those, which makes a lot more sense if you have to try 3 times to get in and then do an exterior 2055.

I found the link to the new fee schedule. $650 for all the counties I cover. That's a $150 increase. Based on my typical 4 to 5 VA appraisals per week I will get between $25,000 to $30,000 per year raise.

 

[Tiffany Gibbons]

Well, for reference sake, when I moved here at the end of 2015, I had to pay $650 for a conventional appraisal and I live in a cookie cutter neighborhood where every fourth house looks like mine, it is around 1900 sf. on a quarter acre lot. I was thinking about refinancing and even my credit union quoted $700 for an in house appraisal.

I had to quit some of my further counties because I was getting lots of lakeside mansions, mountaintop fortresses, homes with airplane hangars and so on that were a ridiculous amount of work for $500, especially in counties where assessor's information can be hit and miss. Low fees should be for first time and move up buyers, sure, not the folks living in 6000 sf. castles on acreage, but that's not how it works. It seems to me like it took years to get from $350 to $500 (and much more work was added for the appraiser) and seems like it has taken twice as long to get to $650. My bills are not getting cheaper for sure.

 

[Mike Garrett RAA]

Our fees remained the same albeit some of the highest in the country. I am doing 3 a week now and hope to go to 2 a week next year. 2 x 50 weeks is 100 appraisals a year at $750...oh my God! You do the math. Not bad for working 2 or 3 days a week.

 

[Alsie35]

Bexar County is among the TX Counties going from $500 to $800 per appraisal. The market here is insane.