Help buyers plan time to review their appraisal copy
For a loan application secured by a first lien on a dwelling, federal rules generally require the lender to provide copies of appraisals and other written valuations. The requirement can apply even when the application does not result in a closed loan.
The buyer receives the valuation
For a loan application secured by a first lien on a dwelling, federal rules generally require the lender to provide copies of appraisals and other written valuations. The requirement can apply even when the application does not result in a closed loan.
Delivery has its own timing
Copies generally must be delivered promptly upon completion or at least three business days before closing, whichever is earlier. A permitted timing waiver can allow delivery at or before closing; it does not eliminate the right to the copy. Other rules can restrict a waiver.
Separate the checkpoints
Receiving an appraisal copy, satisfying the lender's property conditions and completing a home inspection are separate steps. Confirm each with the appropriate professional rather than using one completed item as proof of all three.
A useful buyer question
Ask: "When will I receive the valuation, and who should I contact if I have a question about it?" Discuss a timing waiver before signing so the buyer understands what changes.
Coordinate the next step
Call or text me at (440) 975-6216 to coordinate the mortgage-side review for an Ohio purchase. Transaction-specific requirements control.
Related lessons
Purchase Agreement Details That Can Delay Mortgage Approval
How to Extend a Closing Date When Mortgage Processing Takes Longer
Related FAQs and articles
FAQ: Does an appraisal-delivery timing waiver mean I will not receive the appraisal?
Article: Reviewing your appraisal copy before closing
Sources
CFPB: Appraisals and other valuations, Regulation B section 1002.14