Built around the appraisal problem
Lending-related appraisal work is completed under the engagement requirements of the lender, appraisal management company or other authorized client. The intended use and reporting requirements come from that engagement.
The ordering process matters
For many mortgage transactions, appraisal independence rules and lender requirements mean the borrower does not directly select or engage the appraiser for the lender's report. A homeowner considering an appraisal for a refinance or loan should first confirm the lender's process.
What the appraisal analyzes
The assignment considers the subject property's relevant physical and market characteristics, the competitive market, comparable sales and the reporting requirements specified by the client. The appraisal is a valuation product—not a substitute for a home inspection.
FHA-related assignments
FHA appraisal experience can involve additional property observations and reporting requirements. The exact scope follows the current assignment conditions and engagement instructions rather than a generic checklist published on this site.
Information that commonly helps
- engagement information from the lender or authorized client
- property access contact
- purchase contract when applicable
- known concessions or transaction terms
- relevant property improvements
- access to required areas and utilities
If the appraisal is intended for a mortgage, refinance or home-equity loan, verify who is authorized to order the report before engaging an appraiser independently.
Start an Appraisal RequestFrequently asked questions
Can I order my own appraisal and give it to my lender?
A lender generally controls the appraisal ordering process and may not be able to use a report ordered independently by the borrower. Confirm the lender's process before ordering a report for lending use.
Do you have FHA appraisal experience?
Yes. FHA-related assignments are completed when appropriately engaged and subject to the requirements that apply to the specific assignment.
What should a homeowner do before a lending appraisal?
Provide reasonable access, identify major improvements accurately and make sure utilities and property areas that need to be observed are accessible. There is no need to stage the house like a listing photo shoot.
Is the appraisal the same as a home inspection?
No. An appraisal is a valuation assignment. It is not a comprehensive home inspection, engineering report or guarantee of property condition.