Gold Supporting Member
- Jan 14, 2002
- Professional Status
- Certified Residential Appraiser
I just closed yesterday on my new $170,000 home. We put $93,000 down so that makes the LTV something like 46%. Our credit score was over 800 and they still required an appraisal! Go figure! Do you think the lenders might know something about appraiser's job security?????