Refy without appraisal?

Yes, it is possible. It depends on your existing loan. If your loan was originally above 417K, then you will need to contact your existing lender because your loan is considered a Jumbo. If you were 417K or below when you last closed on this loan AND it was before 6/1/2009, then you may able to do a HARP refinance. Here are the details that you need to know:Your existing loan must have been a Fannie Mae or Freddie Mac loan and closed PRIOR to 6/1/09. It's called HARP and it doesn't matter how much equity you have in your property.

FHA has the Streamline, VA has the IRRRL, USDA, has a Pilot program (only certain states), Conventional Loans owned by Freddie or Fannie have HARP 2.0.. All have restrictions and different lenders have overlays, or additional guidelines on top of the conforming guidelines... The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

It depends on what the Fannie Mae Underwriting Findings call for. If you are doing a FHA or VA , USDA refinance, there are some lenders that will offer a no appraisal option.

Need more info

Need more info. There are refinances without appraisals.

Susan.. There are many loan products out there right now that are there to help borrowers refinance their underwater mortgages into today's low interest rates, in turn saving Americans thousands of dollars in interest charges every year. Under normal markets, no, you were not able to refinance if you had zero or negative equity, but today, with all the programs out there, there are many ways to refinance these homes even if you have little equity, no equity, or negative equity... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com