Denver Colorado Home Buyers Guide To The Appraisal Process and Getting Your Home Loan Approved

Denver Colorado Home Buyers Guide To The Appraisal Process

One of the key components of your Denver loan approval will be
the price and condition of the home you are financing. In
order to determine this value and condition, the lender
will usually require that an appraisal is done.

The Denver appraiser will often visit the property and take
photos of the interior and exterior of the property. They
will then compare it to all of the homes in that
subdivision that have sold and closed within the past 6
months. They are typically able to travel up to 1 mile
away from the property to get this information.

Once all of this information has been gathered they will
then make adjustments and compare your Denver Colorado home
(the subject property) to all of the other homes
(the comparables) in the area and arrive at a value.

This form is then sent to the Colorado Mortgage Lender.

If you are applying for an Denver FHA or a Denver VA loan the appraisers
must be on the approved lists of these agencies. Both
programs have slightly more stringent requirements for the
condition of the property than a Conventional loan. If the
appraiser does note repairs on the appraisal they will
often have to be completed and re-inspected before the
lender will allow the loan to close.

In our next issue we will discuss the Loan Terms and
disclose a secret most Colorado home lenders will not share with you.

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If you would like to get started getting your Denver home loan approved
now, please fill out a
Secure Online Application and we will contact you to
set up your free consultation and get you into the
home of your dreams with the best terms available...
regardless of your credit!

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Or if you have questions, call us or submit them here:

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I hope you have enjoyed this step of our guide.

We have many creative loan programs to fit your needs.

Please contact us at 877-251-9709 to schedule
your FREE No-Obligation Consultation where we
will meet to tailor a program to fit your needs
and comfort level for monthly payments and investments.

Until our next lesson,

Kevin Guttman
Sr Mortgage Banker 
Top Denver Colorado Home Loan Originator
Colorado Springs, Colorado 80920
877-251-9709
Fax: 866-681-4354
mailto: help@coloradohomeloanteam.com

P.S. We have more valuable information and resources at:

http://coloradohomeloanteam.com