Which lenders allows transferred appraisal on a second mortgage?

Which lenders allows transferred appraisal on a second mortgage?

Lenders Allowing Transferred Appraisals for Second Mortgages

Here is a summary of lenders that allow transferred appraisals for second mortgage programs, along with their specific conditions:

LenderTransferred Appraisal Policy
A&D MortgageNo, transferred appraisals are not allowed for the Second Mortgage program.
AmWestYes, transferred appraisals are accepted for the Alt Doc Closed-End Second Program, but a Collateral Desktop Analysis (CDA) is required. If the CDA shows a variance >10%, a second appraisal is needed.
Champions FundingYes, transferred appraisals are allowed for second lien programs like Consumer – No Ratio and **Accelerator – DSCR
DeephavenYes, transferred appraisals are accepted under strict conditions, including compliance with their Wholesale Appraisal Transfer Policy, HVCC, and Appraiser Independence Requirements.
Newfi LendingYes, transferred appraisals are accepted for second lien programs, but if two appraisals are required, only one can be transferred.
FundLoansYes, transferred appraisals are accepted for programs like Aspire, Apex Prime, and Spectrum No Ratio, but specific requirements such as AIR compliance and transfer letters apply.
Angel OakYes, transferred appraisals are allowed if they meet conditions like being completed by an Angel Oak-approved AMC, being less than 60 days old at submission, and having a transfer letter from the original lender.
UWMYes, transferred appraisals are accepted for second lien programs, provided a transfer letter, AMC compliance, and acceptable appraisal condition are met.

If you need more details about any specific lender or program, let me know!