Frequently asked questions · Appraisal

Is an appraisal inspection the same as a home inspection?

B

An appraisal inspection is different than a home inspection. An appraisal report is used by a lender to determine the fair market value of a property and the percentage of the value it will lend. While you pay for the appraisal and are entitled to a copy, the lender is the intended user of the report and the legal client of the appraisal company.

Last updated March 28, 2024 · Informed Mortgage LLC, NMLS #2523172. General information, not a rate quote or a commitment to lend.