Can I get a home equity loan without an appraisal?

It depends on the transaction value. Federal rules allow regulated lenders to use a written estimate of market value instead of a full appraisal for residential real estate transactions of $400,000 or less, so a home equity loan below that threshold may not require a full appraisal. The estimate must come from an individual with the qualifications and experience to perform it, though not necessarily a state-licensed or state-certified appraiser.