We've started the process of building our first home. For our loan application, the bank valuation on our land, which we purchased 16 months ago, came back less than the state government site valuation, completed 7 months ago. Is this possible? We paid less than the current site valuation when we purchased the land but all research so far indicates that the bank valuation always comes back higher as the state valuation is applied conservatively. Any advice will be appreciated. Thanks.