An appraisal, an automated valuation model, and a broker price opinion can all put different values on the same home. When those numbers diverge, your lender has to decide which one is most reliable — and you have rights in that process. Here's how it works for Colorado buyers and refinancers.
When you buy or refinance a home, your lender is required to give you copies of each valuation they obtain — not just the full appraisal. This guide explains what counts as a valuation, why the values can differ, and what other disclosures Colorado borrowers are entitled to during the mortgage process.
Every home valuation — whether a full appraisal, a broker price opinion, or an automated model — rests on the same core inputs: sales of similar homes in the same area, tax assessments, and the physical details of the property itself. Here's what goes into the number, why different valuations can disagree, and what Colorado borrowers can do about it.