Is it a requirement to have a property survey to refinance in Texas.

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Icon Mini Profile karry




Joined: 01 Apr 2009

Posts: 1

1.31 Dollars($)
PostPosted: Wed Apr 22, 2009 9:26 am    Post subject: Is it a requirement to have a property survey to refinance i

I would like to know if it is a State Law to have a property survey inorder to refinance cash out. I would like to know where this is published and how long this has been in effect.
Icon Mini Profile savior70




Joined: 25 Mar 2009

Posts: 1422
Location: Florida
168.75 Dollars($)
PostPosted: Sat Apr 25, 2009 5:18 am    Post subject:

Hi

I think it is required by the Texas A6 laws to have a survey on property in order to refinance cash-out. I found it on the last line of the first page of the Texas Refinance Policy (section 50 (A)(6) at the below-mentioned web page:
"http://www.reunionmortgage.com/pdfs/programguidelines/Texas Refinance Policy.pdf"

Hope this helps.
sandrajburnett@yahoo.com

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PostPosted: Fri Oct 16, 2009 10:16 am    Post subject: survey for a refi

I have my survey from 1995. Is there a limit to how old a survey can be? I want to refinance the house, but don't want to pay another 300-400 for a survey.
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PostPosted: Sun Oct 18, 2009 11:21 pm    Post subject:

I don't think such as old survey would be counted in this case. You may have to go in for another survey.
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