Free ROV Letter Templates
Fannie Mae-compliant Reconsideration of Value templates used by real estate professionals. No signup required.
Standard ROV Letter
General-purpose Fannie Mae-compliant template
A complete Reconsideration of Value request that covers the essentials: identifies the issues, presents supporting evidence, and requests a formal review. Works for any appraisal dispute.
When to use:
When you have a general disagreement with the appraised value and want a professional starting point.
Key citations:
Comparable Sales Dispute
When the appraiser used bad comps
Targets the most common appraisal error: comparable sales that are in the wrong neighborhood, a different style, too far away, or too old. This template walks you through presenting better comps with data.
When to use:
When the appraiser used comps from a different neighborhood, a different property style, or sales that are outdated.
Key citations:
Condition/Quality Adjustment Dispute
When the appraiser underrated condition or quality
Addresses situations where the appraiser assigned a lower condition (C4/C5) or quality (Q4/Q5) rating than the property warrants, resulting in a lower value through grid adjustments.
When to use:
When the appraiser rated your home's condition or quality lower than you believe is accurate, especially after recent renovations.
Key citations:
Square Footage Error
When GLA is wrong (most common factual error)
The single most common factual error in appraisals. If the appraiser recorded the wrong gross living area (GLA), every adjustment on the grid is affected. This template makes the correction straightforward.
When to use:
When the appraiser's reported square footage doesn't match your home's actual GLA from blueprints, tax records, or a professional measurement.
Key citations:
Market Conditions Dispute
When market trend adjustments are wrong
Challenges the appraiser's market conditions (time) adjustments when they used outdated or incorrect appreciation/depreciation trends, resulting in comps being adjusted in the wrong direction or by the wrong amount.
When to use:
When the appraiser said the market is 'stable' or 'declining' but local data shows appreciation, or when time adjustments on older comps are too low.
Key citations:
Renovation/Improvement Dispute
When improvements were missed or undervalued
For situations where the appraiser failed to account for recent renovations, additions, or improvements that add real value. Includes documentation strategy for proving the work was done and its market impact.
When to use:
When you've completed significant renovations that the appraiser either didn't know about, didn't see, or didn't adequately adjust for in the valuation.
Key citations:
How to Use These Templates
Review your appraisal report
Read the full report and identify the specific errors or concerns. Note the comparable sales used, condition ratings assigned, square footage reported, and any adjustments that seem off.
Choose the right template
Pick the template that matches your dispute type. If you have multiple issues, start with the strongest one or use the Standard ROV to cover all concerns.
Gather your evidence
Collect MLS data for better comparable sales, renovation receipts and permits, tax records with correct square footage, and market trend data for your area.
Fill in the brackets
Replace every [BRACKETED PLACEHOLDER] with your specific data. Be precise with numbers, dates, and addresses. The more specific your evidence, the stronger your case.
Submit to your lender
Send the completed letter and all supporting documents to your lender's appraisal department. Keep copies of everything. Follow up within 5 business days if you don't hear back.
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