Helpful Resources for Home Buyers
For those engaged in the home buying process, the links below will help you navigate the process.
Why Engage a Professional Appraiser
To review a brief brochure developed by The Appraisal Foundation that outlines the elements of a professional appraiser (for all property types), click here
Common Myths about Appraisals in the Home Buying Process
To review common myths and facts about the appraisal process among lenders, borrowers, real estate brokers, and homebuilders, click here
Common Myths about Appraisals in the Home Buying Process – Borrowers Version
To review common myths and facts about the appraisal process designed specifically for borrowers, click here
Borrower’s Quick Guide to Valuation Products
For an easy-to-understand overview of the different types of valuation products used by lenders, click here.
Guide to Understanding a Residential Appraisal
A comprehensive brochure developed by The Appraisal Foundation to educate consumers on valuation as it relates to the residential mortgage lending process is available here
Fair Lending and the Appraiser
An overview of fair lending considerations in the appraisal process is available here
Consumer Financial Protection Bureau Truth in Lending Appraisal Rule
Information from the CFPB on the new appraisal rules intended to protect homebuyers is available here
From the Consumer Financial Protection Bureau: Your Home Loan Toolkit
A toolkit produced by the CFPB to provide guidance to consumers on the real estate settlement process and how to find the best mortgage can be found here
Consumer Financial Protection Bureau
Established by the US Congress, the Consumer Financial Protection Bureau (CFPB) helps protect consumers by carrying out federal consumer financial laws. The CFPB works to ensure that consumers obtain all the necessary information to make informed financial decisions.
Appraisal Complaint National Hotline
The Appraisal Complaint National Hotline (Hotline) is a referral system for complaints on alleged violations of the Uniform Standards of Professional Appraisal Practice (USPAP) and/or appraisal independence requirements. To visit the Hotline's website, click here.
State Real Estate Appraiser Regulatory Boards
Each US State or Territory has a state appraiser regulatory agency, which is responsible for licensing and certifying real property appraisers and supervising their appraisal-related activities, as required by Federal law. For a complete list of state agencies and their contact information, click here.