Appraisal Ordered

You have found a home, made an offer to purchase and the sellers have accepted your offer. We are at that stage of your loan where we need to order an appraisal on your behalf.  Consequently, this will be the time when we request payment for your appraisal, as stated in the Financing Addendum in your Real Estate Contract that you signed.

Peoples Bank will collect either a check or credit card information for the cost of the appraisal estimated to be $350 to cover the cost of your appraisal.  (Some loans may require a more extensive loan, such as an FHA appraisal or Jumbo Loan and therefore the fee may be slightly higher.)  Of course, your funds for the appraisal will be credited back to you at the time of final closing. 

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