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  • 			    The PERFECT HOME is waiting for you.

    The PERFECT HOME is waiting for you.

  • 			    Get up-to-date Rates and more.

    Get up-to-date Rates and more.

  • 			    More than just your Lender.

    More than just your Lender.

Can Another Mortgage Company be Used After the Completed Appraisal?

Yes. In most cases you will not have to pay for another appraisal if you change your mortgage company, and depending on the loan program typed, the first lender can transfer it to the new lender. Some appraisal firms may charge a small fee because additional clerical work is required to reflect the new mortgage company; this is called an "Appraisal Retype Fee". The original mortgage company has the right to refuse to transfer the appraisal to another lender. In this case, a new appraisal is needed.