Generally, from the time the lender orders it, you can expect to see an appraisal report anytime between two days and one week. But if the market is particularly busy, it can take up to two weeks for it to end up in the lenders hand.
How long does it take to get an appraisal back 2021?
An appraisal can generally take anywhere from one hour to one week to complete from the time it is ordered by the loan officer or mortgage company.
Why is my home appraisal taking so long?
Why does a home appraisal take so long? One of the reasons an appraisal takes so long is simply because of the sheer number of appraisals that are being requested. This sometimes causes a backlog, which in turn, results in a delay in the appraisal process.
What happens after an appraisal?
After your home appraisal is complete, the appraiser will assign a monetary value to the property based on the findings in the inspection and comparables in your area, and then send their findings to the mortgage lender.