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Why Is An Appraisal Required?

An appraisal is required to determine the current market value of the property that will secure the loan. The appraised value will dictate the maximum loan available on that particular property. This is referred to as loan-to-value or LTV for short.



Each particular loan program has a maximum LTV based upon the lending guidelines that are contained within our automated underwriter. In order to ensure that the loan being requested meets the LTV limitations of the particular program, an appraisal must be performed to accurately assess the current market value.


An approximation of the current market value of any property is available as part of our rate quote engine by clicking here. Simply input the address and zip code and an estimate of your current market value will be issued. This is a free service and is designed to give you access to tools previously only available to real estate and mortgage professionals.


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Would you prefer to speak with a Loan Originator over the telephone?  Please call us directly at   1-800-276-CYOL(2965) and choose option 1.  Or, click here to have one of our experienced representatives contact you directly.