The term that describes the percentage of the
appraised value of a property that a lender will
finance is called

a.
The lender will divide the loan amount by
the appraised value (or purchase price,
whichever is lower). This is called the loanto-value ratio. If a property is appraised at
$100,000 and the lender will lend $90,000,
this would be a 90% loan-to-value.