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Could I get a home equity loan immediately after purchasing a house if the purchase price is signiificantly lower than the appraised value???

by phillipstern74464 from Spur, Texas. Sep 17th 2015 Reply


Chris Marshall (1chris_270_567)
#110 ranked lender in Texas - 3 contributions

Yes, Call me @ 210-589-0130, Chris

Sep 17th 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

Possibly.. some lenders have a mandatory waiting period to be able to use a new value.. typically, your subject to the lenders Loan to Value (LTV) restriction which will use the LOWER of it's current appraised value or the sale price if your trying to do it within the first 6 months.. .. so you might have to wait till after that before you can apply. Also, Texas has some pretty specific laws regarding loan to value and being able to pull cash out.. so you should probably only speak to a local loan officer, not one of those nationwide or internet lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Sep 17th 2015
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