Mortgage through Chase - Appraisal

Would love to hear the same re: Citibank.

it all depends on the appraiser that is used.

had my friend do a refi a yr ago or so on 2 almost identical apartments on the same floor. the appraisals done the same week were $185K and $240K. one of the guys went 10 blocks away to a building with a huge flip tax, 2 blocks from projects and a 20 minute walk to the train vs a 5 min walk. one considered a Jr 4 with a separate room as a bedroom as it was big enough, the other considered it a 1 bedroom.

welcome to appraiser land.

Had done. Exact value paid.

Same here, exact value paid (at citibank). I found the exactness a bit odd.

Wells Fargo, exact value paid...twice in 15 months, once at purchase and same thing at Re-fi.

Can't imagine why it would matter which bank orders the appraisal, I'd assume it's more the appraiser as noted above.