Randy Luke – NMLS LO# 77184
WA State MLO# MB1468332
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.