An Appraisal is an estimate of a property's fair market value. It's a document generally required (depending on the loan program) by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property. The Appraisal is performed by an "Appraiser" typically a state-licensed professional who is trained to render expert opinions concerning property values, its location, amenities, and physical conditions.
© 2019 Keystone Funding, Inc. All Rights Reserved. 519 S Red Haven Lane | Dover, DE, 19901. Corporate NMLS#: 144760 (www.nmlsconsumeraccess.org). Keystone Funding Inc. is a mortgage lender licensed by the following states; Delaware, Maryland, Virginia, Pennsylvania, New Jersey, North Carolina, Florida & the District of Columbia.
This is not a commitment to lend. Restrictions may apply. LTV limit is based on current, accurate appraised value. Keystone Funding Inc. reserves the right to amend rates and guidelines. All loans are made in compliance with Federal, State, and Local laws. Keystone Funding Inc. is an equal opportunity lender.