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HELOC Under $250,000 as 1st Deed-Appraisal

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Question: 
I am doing a HELOC for under $250,000 as a 1st Deed. Is a full interior appraisal required or can a desk-top valuation be done?
Answer: 

Refer to your required board approved appraisal and evaluation policy. That trumps the regulatory guidance.

First published on 08/26/2018

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