Will an appraisal be required?

The Credit Union uses three methods to determine the value of your home (loan to value):

An automated valuation method, a “drive by” property evaluation, or a full appraisal. Which valuation type depends on a number of factors including the amount you requested and the estimated loan to value. In most cases we can process an application for a HELOC without requiring an appraiser to come into your home.

These possible appraisal alternatives can lower the overall closing costs for the account and streamline the time it takes to fund your loan.