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is an appraisal required for an irrrl

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December 08 2009 - Blytheville
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Answers (3)

Profile picture for Liberty Mortgage
On an IRRRL their is no requirement for an appraisal.  Lenders have tighted their belts however on credit-  To get a good deal, I would suggest you have at least a 660 credit score to get the best deal.
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0Yes

December 08 2009
Profile picture for Memphis Owners12

Generally speaking, no appraisal is needed if there is no cash out being received.  However, many lenders do place an additional requirement that an appraisal be done.  It's advisable to check with multiple lenders as to whether or not they will require one for your particular situation.

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December 08 2009
Profile picture for Colorado Lender
For some lenders yes, others do not require an appraisal.
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December 08 2009
 

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Questionis an appraisal required for an irrrl
  • Latest answer by Liberty Mortgage
  • December 08 2009
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