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An appraisal report is a comprehensive analysis of the value of the home you are seeking to purchase or refinance. The appraisal report is primarily based on recent sales of similar properties as well as property size, condition and amenities. Examine the example appraisal report below to understand the information and analysis contained in the document. Reviewing the example report also enables you to better understand how the fair market property value is determined when you apply for a mortgage. Please note that this is an example appraisal report that should be used for informational purposes only.
Loan terms assume conforming mortgage amount, 80% LTV ratio and minimum borrower credit score of 740. Purchases and rate and term refinances only. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.