What is a mortgage appraisal?
A mortgage appraisal is an independent opinion of a home’s market value, performed by a licensed appraiser and ordered by the lender during the loan process. The appraisal establishes the value the lender will use to calculate LTV and loan approval. In Kansas, appraisals typically run $500-$700 and take 7-14 business days.
Appraisals are ordered by the lender but paid for by the borrower. VA and USDA appraisals use different assignment processes and have additional property standards.
LTV · underwriting · value
Every Kansas mortgage scenario comes back to real numbers. Get pre-approved in about ten minutes, or call (620) 860-4480.
A 10-minute pre-approval replaces every calculator and glossary estimate with a real number.
Get Pre-Approved