Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

69
Posts
26
Votes
Nick Vehr
  • Rental Property Investor
  • Cincinnati, OH
26
Votes |
69
Posts

Is my Refi Appraisal transferable to multiple banks?

Nick Vehr
  • Rental Property Investor
  • Cincinnati, OH
Posted

We went to refi on a property and got through everything and the property appraised lower than planned. The issue is loan depot will not go below 60k after 25% down on a refi, and the house appraised at 71k.

I am wondering if the appraisal is something that can be used at other banks in order to skip the appraisal stage. It was appraised by a licensed agent, and all paperwork is in order. Just thought it may be able to speed up the process. 

May even be able to explore a HELOC considering it could get to close a lot quicker. Can anyone offer some options to help free up the cash as soon as possible with an appraisal in hand.

Loading replies...