Centerpointe Lending has been approved with over 55 major investors. Some of those investors offer free appraisals, particularly with Home Equity Lines or Fixed Rate 2nd's. If the investor does not charge for the appraisal, that savings is and always will be passed onto our client. Otherwise, a standard conforming appraisal normally costs approximately $350 for a single-family home. Those fees are due at the time of appraisal, paid directly from the borrower to the appraiser. You are always welcome to a copy of the finished appraisal report.

Be sure to point out to your appraiser any amenities of your home that you believe may increase the value of your home. Granite countertops, tile floors, ceiling fans, pool, spa, landscaping, block walls, etc. all significantly help your home value.

Be sure to have your interior and exterior clean and well groomed PRIOR to your appraisers arrival. They must take photos and underwriters are very critical of mess or defects. Be sure to have a well-manicured yard, free of debris and broken down cars. Make sure that your home is clean and free of clutter too.

Keep in mind that until an appraiser has issued your home value, we will use the value that you declare during the application phase for structuring your loan. When we ask you for your homes value, try to be realistic to other "comparable sales" in your immediate neighborhood. Home that are just listed and not sold have no relevance. Only homes that have actually sold or are pending sale can be used as comparables.