Updated over 7 years ago on . Most recent reply

Does refinancing require an inspection?
Hey guys! I'm getting close to pulling the trigger on a 1960's buy and hold home. I'm going to be using hard money to purchase the home and will refinance once it's fixed up and rented out. When I go through the refinancing process, will the bank require a passing inspection? The home will be in great condition for a tenant, however I'm worried that once an inspector gets in there, it would be expensive to make all the updates required to pass the inspection.
Most Popular Reply

It depends on the lender but generally not if you plan on using conventional financing