NO APPRAISAL REFINANCE

A no appraisal refinance is an option in which you qualify to skip the appraisal process. This isn’t available to everyone so ask your loan officer if you’re eligible.

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WHY NO APPRAISAL REFINANCE?

NO APPRAISAL REFINANCE FOR FASTER PROCESS

A no appraisal refinance is an option in which you qualify to skip the appraisal process. This option is very common right now due to the amount of equity homeowners have in there home. Due to your home values rising regulators allow lenders to skip the process in some instances. This is in accordance to your qualifications and doesn’t fit the box for everyone. This option is applicable for Rate and Term refinance’s but not cash-out refinances.

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Pros of No Appraisal Refi

  • No appraisal needed
  • Quicker process
  • Typically involves less documents
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Cons of No Appraisal Refi

  • Not being able to waive this on a cash out refinance
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