CFPB, Fed and OCC set 2026 appraisal threshold for higher-priced mortgages at $34,200
The CFPB, Federal Reserve Board and OCC said the 2026 threshold for higher-priced mortgage loans subject to special appraisal requirements will increase to $34,200 on Jan. 1, 2026.
The Consumer Financial Protection Bureau, the Federal Reserve Board and the Office of the Comptroller of the Currency said the 2026 threshold for higher-priced mortgage loans subject to special appraisal requirements will rise from $33,500 to $34,200.
The new amount takes effect Jan. 1, 2026. The agencies said the change determines when certain higher-priced mortgage loans are exempt from the special appraisal rule, which requires creditors to obtain a written appraisal based on a physical interior visit before making such a loan.
The threshold is adjusted each year under rules tied to inflation. The agencies said the 2026 figure is based on a 2.1% annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W, as of June 1, 2025.
The CFPB said the Dodd-Frank Act added the appraisal requirements for higher-priced mortgage loans to the Truth in Lending Act. The implementing rules also include an exemption for loans at or below a threshold amount that is updated annually to reflect CPI-W increases.
The agencies did not describe any other changes in the notice.
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Editorial note: This article was prepared with AI assistance and requires editorial review before publication.
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