Closing costs include all typical including title and appraisal.

But yes you can refinance up to 75% of the listed price or appraised value  on a bridge loan 

As we dont require these clients to get appraisals or any other things that bog down closings..

Does the market/appraised value of house affect it?

Our primary appraised for $100K higher than the purchase price, the rental on the conventional loan appraised for somewhere between $20-40K higher than the purchase price.

Our primary appraised for $100K higher than the purchase price, the rental on the conventional loan appraised for somewhere between $20-40K higher than the purchase price.

Every loan has an appraisal report which I browse especially to eliminate properties on the flood planes.

I was applying for a DSCR on my rental property (cash out refinance) and everything seemed ok, my FICO 680, DSCR 1.08, Appraisal $179K, LTV 65%.Unfortunately, the lender cannot close due to derogatory on record on my primary residence.

I purchased this older home last year ($120k), which appraised at $186k before closing.

I met the bank appraiser during his visit, and he shook his head at my purchase price in amazement.A year later, a duplex, now valued at $240K was advertised in the papers for $180K, also by an agent.