Although interest rates are on the rise, it's still a great time to purchase a home. Speak with one of our expert loan officers today!

What is an appraisal gap?

An appraisal gap is the difference between what you agree to pay for a home and what an appraiser deems the fair market value. If the home is not worth as much as you’re seeking from a lender, you may have to re-negotiate with the seller or pay the difference in cash. This is most likely to happen in a competitive real estate market.

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