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VA IRRRL loan needed without an appraisal

I currently have a VA loan thru GMAC and was wanting to do an IRRRL, but they currently can't do anything with loans. I attempted to go thru my local bank which required an appraisal and it came in 13 grand less than needed for the loan, SO, I am looking for a bank that would do an IRRRL without an appraisal in North Carolina. Thanks by JKB2005 from Bunnlevel, North Carolina. Jan 22nd 2013 Reply


Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions

Send me your Credit Score, Original Appraised Value, Current Loan Amount, as well as the City, Zip Code, and County. Also, please advise if this is a Single Family Home! Email this to me through this site. Thank you.

Jan 22nd 2013
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

There are many lenders out there doing VA IRRRL's without an appraisal. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide 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

Jan 22nd 2013
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Ken Baltes (kbaltes)
#16 ranked lender in North Carolina - 242 contributions

Hello JKB,You may be eligible for the IRRRL even though an appraisal came up short. If you would like to share the details with me tomorrow, I will see what we can do. My office number is 704-684-2117 or email: kbaltes@1asmc.com. My office is in Indian Trail NC. Thank you,Ken Baltes

Jan 22nd 2013
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Chad Huffstetler (ChadHuffstetler)
#13 ranked lender in North Carolina - 23 contributions

I'm currently working with a VA IRRRL client and we didn't have to have an appraisal. I will say that the previous replies from the other loan officers are correct as well depending on the situation. If you want to contact me feel free. My email is chad@mortgagewithchad.net and my number is 919-500-5274. My company's office is in Raleigh as well.

Jan 22nd 2013
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Chad Huffstetler (ChadHuffstetler)
#13 ranked lender in North Carolina - 23 contributions

I was able to do an IRRL for a current client without an appraisal. Of course, just like the other guys on there, details are needed to determine what exactly I can offer. Feel free to contact me via email (chad@mortgagewithchad.net) or my number is 919-500-5274

Jan 22nd 2013
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

Go See a Local Loan Officer for help. it can be done.

Jan 24th 2013
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