Refinance with No appraisal

[Jonathan Heacock]

Hello,

Has anyone seen any DSCR loans with no appraisal but proven cash flow? Looking to refi a property to a DSCR loan but the appraisal seems very low. Thank you!

[Jonathan Heacock]

Quote from @Dave Skow:

@Jonathan Heacock-   appraisal needed on  these loans ......on " regular "  loans - there are  some  scenarios that will allow a PIW ( appraisal  waiver) ...this normally occurs  when the loan is  owner occupied and the loan  is  with  a fnma / fhlmc  source 

 Yeah this is an investment property zoned incorrectly (tri plex- zoned as single family) Thanks for the reply though!