When Lender Order Appraisal?

A general rule of thumb is that you want the appraisal to be completed two weeks before your closing date. This means you typically need to order the appraisal about three weeks before closing since appraisal turn times are generally about a week.

What happens when lender ordered appraisal?

Appraiser submits the report (1-7 days later). Review process is complete and appraisal report is submitted to the lender (1-7 days later). ... Depending on the process, once the appraisal is ordered, it can be anywhere from a week to a month before the lender gets the appraisal back.

How long after lender ordered appraisal?

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 lender's hand.