Credit Card Center Advertiser Disclosure

Valued Member
Posts: 45
Registered: ‎04-10-2007
0 Kudos

Too soon for appraisal? Should I be worried?



    This is a new construction home and is 98% complete but when the lender ordered appraisal they came out and looked at the house and said it not far enough along to appraise. THe only things left to complete are landscape in front yard, cut power on, final repaint and clean, mirrors in bathrooms, carpet  and deliver appliances.  I've seen homes in the same division get appraised months sooner than ours so I don't see the problem since they come back out after home is complete to verify everything has been completed anyway.  


I've been worried about appraisal because I get 3,500.00 off price of home if I use the builders prefered lender so If I get a crap appraisal I can't go to a different lender without losing a bunch of coin.  


Any thoughts? 


btw estimated closing date is first week in September. 



Established Contributor
Posts: 866
Registered: ‎09-22-2011
0 Kudos

Re: Too soon for appraisal? Should I be worried?

Only the appraiser knows what thishome will appraise for.  The home does need to be 100% completed before a final appraisal can be done.  The appraiser has a ball part number in mind so why not give him a call for his estimate. The appraisal will be based on what other similar home in your area appraised for.

Frequent Contributor
Posts: 491
Registered: ‎02-06-2012
0 Kudos

Re: Too soon for appraisal? Should I be worried?

I think it depends on the type of loan you are going for. We had to pay for a reinspect because the house wasn't completed. Landscape wasn't done, some architectectural details (two pillars) weren't 100% and some of the paint needed to be touched up. We went FHA and they have certain requirements and I do for a fact, appliances minus the refridgerator and washer and dryer are required.


Starting Score: TU 589 EQ 526 EX603
Current Score: TU 635 EQ 603 EX ??
Goal Score: 750

Take the FICO Fitness Challenge

Valued Member
Posts: 45
Registered: ‎04-10-2007
0 Kudos

Re: Too soon for appraisal? Should I be worried?

Thanks for the reply. 


It's 30 year conventional with 20% down.  We have to pay for reinspect too thats why I dont understand why he claims it not far enough along to do the initial appraisal.  Something seems fishy to me. 

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.