Fee Increases for Origination Appraisals and Conditional Commitments

USDA Rural Development sent this bulletin at 02/10/2022 06:54 PM EST

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USDA Rural Development - Together, America Prospers

SFH Direct Loan and Grant Programs

February 2022

Fee Increases for Origination Appraisals and Conditional Commitments

An Unnumbered Letter (UL) dated February 4, 2022, has been issued which increases the appraisal fee to $750 and the conditional commitment fee to $825 under the direct programs. The fee increases are effective March 6, 2022. The increased fees reflect market price increases for origination appraisals in rural areas and the average cost of appraisals under the programs’ nationwide contract with the Appraisal Management Companies.

Rural Development staff will follow the implementation responsibilities outlined in the UL, which has been posted to https://www.rd.usda.gov/resources/directives/unnumbered-letters under Housing Programs (or click here for a direct link).

Program Information

Single Family Housing Direct Loans

Single Family Housing Repair Loans and Grants

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