Does a Harp refinance require a appraisal fee?

Hi, it depends on what you are trying to do. You can get an appraisal if you want to try and include the closing costs into the loan amount. If you don't want to or you know there isn't enough loan to value, then it isn't suggested that you get an appraisal. I hope that answers your question. Please feel free to call me at 203-469-5626 to discuss this further. I'm Dotty Owens with Northeast Financial, LLC.

If your findings (industry insider term for Fannie mae's automated underwriting system) accept the value we have estimated for your home then no appraisal is required. You may be charged a nominal property inspection waiver fee, maybe $80, but no appraisal should mean no appraisal fee. You are 100% allowed to cover closing costs and escrows with a HARP loan. If you have an fha loan and are trying to do a streamlined fha refinance then you may not be able to roll in costs without an appraisal. Call me any time Jerry Buonanno | Business Development Mgr | Tel: 203-208-4152 | CELL: 203-641-2246 | Fax: 203-208-4156 | NMLS: 441587