Do I Need an Appraisal on a VA Streamline?

VA Streamline loans as defined by the Department of Veterans Affairs do not require a VA appraisal.  However, in today's tight lending environment, some VA lenders may require one.  By working with LowVARates we will be able to put you in contact with a VA lender that does not require the VA appraisal on a VA streamline loan. 

The main reason a VA streamline loan does not require an appraisal is because you are not taking cash out of your home or increasing the VA's exposure or the lender's exposure.  Since you went through an appraisal when buying the house or getting the VA loan, lenders are not required to determine your home's value when doing a streamline. 

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