The Appraisal Blog

What is a Drive-By Appraisal?
February 18th, 2023 8:48 PM
No ... no one is going to get shot.  A "drive-by" appraisal is an exterior only inspection of a property that is used in the lending business under certain circumstances.  Every lender has different underwriting criteria but it boils down to your credit score, How much money your are borrowing, the LTV (Loan to Value), and your income/ work history.  If these factors fit ... you may not need a full inspection for you appraisal!



https://www.rocketmortgage.com/learn/drive-by-appraisal
Posted in:Appraisal and tagged: #Appraisal#
Posted by Robert Abbott on February 18th, 2023 8:48 PMPost a Comment

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