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Updated about 2 years ago on . Most recent reply
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Refinance with No appraisal
Hello,
Has anyone seen any DSCR loans with no appraisal but proven cash flow? Looking to refi a property to a DSCR loan but the appraisal seems very low. Thank you!
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Quote from @Dave Skow:
@Jonathan Heacock- appraisal needed on these loans ......on " regular " loans - there are some scenarios that will allow a PIW ( appraisal waiver) ...this normally occurs when the loan is owner occupied and the loan is with a fnma / fhlmc source
Yeah this is an investment property zoned incorrectly (tri plex- zoned as single family) Thanks for the reply though!