South Sound Home Loans Offers Conventional Appraisal Credit
Conventional home loans to purchase or refinance a new home generally will require a Standard Conforming Real Estate Appraisal (Form FD 1004). This can cost the borrower between$ 600 and $800 or more depending on the location and property.
Effective September 3, 2018 and until further notice, South Sound Home Loans in conjunction with United Wholesale Mortgage, will offer a $ 525 Appraisal Credit at closing for any conventional loan that is approved and closed.
This will help reduce the borrower's closing cost and is another benefit of using South Sound Home Loans. As an independent mortgage broker, South Sound Home Loans already saves borrowers by not charging a Loan Origination Fee. This is normally about 1.0% or more of the loan amount. Our fee is paid by the bank we use at competitive rates for all loans.