For our Traditional Loans, yes, unless you receive an Appraisal Waiver.

For our Private Money Investor loans, an appraisal is not required nor is there a fee or cost for one.

We instead request our Clients to provide 3 comparables that they personally used to determine the value of the said property.

We then as the lender then do our own internal property evaluation utilizing time of sale information, geographic location and quality of rehab along several other factors to determine our final internal value.