Tag: appraised value

Low Appraisal – Can Veteran Pay the Difference?

Question: If the appraisal comes in low on VA financing is the borrower allowed to pay the difference between the price and appraised value? Answer: Yes. The borrower can pay the difference. VA will just require that the value on the NOV be used to calculate the LTV. [Article Published in Question & Answer Issue […]

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VA Cash-Out Refinance & New Appraised Value

Question: My Veteran client would like to do a cash-out refinance and has met the 210 days and 6 months of payment requirements. We want to use the new appraised value vs. the original appraised value.  Will VA allow the new appraised value? Answer: VA will allow you to use the new value for the […]

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