How Long is an Appraisal Good For?

How Long is an Appraisal Good For?

The validity of a real estate appraisal can vary, but typically, an appraisal is considered valid for a period of 120 days (about 4 months) from the date it is completed. This timeframe is standard for most mortgage lenders, including those involved with loans backed by the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA). However, the exact duration can depend on the lender's policies and the housing market's condition. In rapidly changing markets, lenders might require a more recent appraisal. If a loan transaction has not closed within this period, a new appraisal may be needed to reflect current market conditions.

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