Is a home inspection required to refi?

[Faye R.]

Will I need to get a home inspection for a 50k cash out refi on a 220k SFR rental with existing owner-carry financing, that was built in 1923? In the past, I've only been required to get drive by appraisals. But I don't recall if those were with the same bank that carried the original mortgage. Might owner-carry be treated differently because the purchase was less likely to have been fully vetted? If the answer is "it depends", are the variables known? For example, does seasoning or big vs small bank play into the equation?