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Phase 8

Appraisal & Financing

Get the loan locked in and the number confirmed

Two things have to line up here: the bank's opinion of the home's value, and the final approval of your loan. Here's how both work.

What this phase covers

  1. What appraisers do

    Why your lender needs an independent opinion of the home's value.

  2. What happens if the appraisal comes in low

    Your options when the bank's number doesn't match the contract price.

  3. Locking your interest rate

    Why timing your rate lock matters, and what it costs to wait.

  4. Final loan approval process

    What underwriting actually checks before issuing your clear-to-close.