Yes – we require an appraisal on all lending programs. Renovation and construction financing require a “subject to” appraisal. Long term purchase and refinance require “as is” valuations and a rent comparable analysis to determine fair market rent.
FAQ Category: Legal - Entity General
Questions about allowed entity types and other questions
For SFR = 700 sq. ft. 2-4 family 500 sq. ft.per unit in the minimum.