I've recently come into a house in the last couple of years that's fully paid off. I've got a 680 credit score with TransUnion and I am 21. I don't have many options to pay the appraisal for a few weeks so I was also curious if anyone knew good lenders around AL. Any advice would be appreciated, I have no clue what I'm doing.
How to get a HELOC without appraisal?
byu/Todaywillbeokayokay inRealEstate
Posted by Todaywillbeokayokay
1 Comment
Many HELOC lenders will do an electronic or drive by appraisal.
You can also find lenders who require no out of pocket application fees or closing costs.
But, a HELOC is a credit qualifying loan so you’ll need income to get approved for the line of credit.