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Can I refinance my current conventional loan without an appraisal?

by jckeifer132 from Sacramento, California. Jan 13th 2017 Reply


Larry Gray (lgray_312_247)
#556 ranked lender in California - 1,126 contributions

That is an excellent question! Yes, you can. For my prospective borrowers I cannot answer it definitively though until I run their information and avm thru my automated underwriter. It will tell me if the borrower qualifies to not have to have an appraisal. We only got this ability some months ago and are getting loans wherein the appraisal is not required! I am happy to run yours through our system to see if you do. We are prominently present as lenders in the Sacramento region, though our main office is in San Ramon. We have had success with not requiring appraisals for loans we have done in your region. You can reach me via my profile.

Jan 13th 2017
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Linda Wintersteen (Linda123)
#65 ranked lender in Arizona - 1,250 contributions

how much is your loan going to be ? linda lindaonthego@outlook.com I do have a alternative way for you

Jan 14th 2017
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,734 contributions

Possibly.. if your current loan is FHA, then there is a "Streamline" refi option available. VA and USDA also have refi options where an appraisal is not required.. If your loan is conventional, and you have a considerable amount of equity, high credit scores and large reserves, then it's possible that when your file is run through the automated underwriting system (AUS), that it might allow you to waive the appraisal. The only way to know for sure is to contact a lender, apply with them let them look at your existing scenario.. I'm licensed in CA and I do not charge for this service.. Also, if none of these options work out for you, but you still wish to refi, then I would be willing to reimburse you the cost of the appraisal upon successful close.. Give me a call, I would love the opportunity to see if I can assist. I'm the preferred Lender in Arizona and California, and these are my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Jan 14th 2017
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Larry Gray (lgray_312_247)
#556 ranked lender in California - 1,126 contributions

Did you get qualified already without an appraisal required?

Jan 18th 2017
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