In some cases, properties located in very rural areas require an additional appraisal fee. This isn’t a lender fee or a broker fee. Instead, it is typically charged by the appraisal management company (AMC) when they determine that an appraiser must travel a significant distance to inspect the property.

Appraisers in rural markets often have fewer comparable sales to analyze and may need to spend more time driving to and from the property. In some parts of Kentucky, an appraiser may travel several counties to complete a single assignment. Because of the additional time and travel involved, the AMC may authorize a higher appraisal fee to ensure an appraiser is willing to accept the order.

Unfortunately, lenders and mortgage brokers generally do not control these fees. The appraisal management company sets the fee based on the property’s location and the availability of qualified appraisers in the area.

The good news is that these additional fees are relatively uncommon. Most properties are covered by the standard appraisal fee. However, when a home is located in a particularly remote area, an additional charge may be necessary to complete the appraisal and keep the loan moving forward.