Frequently asked questions · Appraisal

What happens if the appraised value comes in lower than the sales price?

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The loan amount is calculated as a percentage of the sales price or appraised value, whichever is less. If the value comes in below the sales price, the buyer can bring additional funds to closing, attempt to renegotiate, or in certain cases, cancel the contract. For more information on this topic and possible scenarios, please click here to check out our blog.

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