You can get an appraisal waiver and you can have an appraisal waiver. I wanna give everyone an appraisal waiver. It just doesn't quite work like that. Of course, there's a lot of talk about getting appraisal waivers, especially in a competitive market like today. So what is an appraisal waiver and what do you get to do once you have one? An appraisal waiver is something that's given by an automated underwriting system by Fannie Mae or Freddie Mac. So that implies that you can only get an appraisal waiver on a conventional loan. And that's true. You can't get an appraisal waiver on a jumbo loan, an FHA loan or a VA loan, but if you are putting 20% down or more on a primary home purchase and you have a good credit profile, there's a possibility that you could get an appraisal waiver. It also is dependent on the property that home needs to be in either Fannie Mae or Freddie Mac database, meaning that maybe the current seller or a previous homeowner of that home had gotten a conventional loan.
So if you're going out and you're purchasing a primary home and you want to know more about how appraisals appraisal waivers work and how you can get one, then you need to give me a call. We'd not only love to go to work for you. We'd love to put you in the most competitive position you can be when putting in your offer.
Agents - time to practice lightness, levity, and leadership.
Guides for You to Help Your Clients Design a Strategy to Maintain and Hold On
The Market Will RECOVER Quickly
Las Vegas is CLOSED, The Dow Drips and Drops, Rates Creep
Fed Drops to 0 - What Will Rates Do Now?
DMAR Market Trend 0320 - Housing Gain, Recession Fears
Taking the Trips You Want Without Hoarding Your Money and Living on Ramen.
Start your children small so they can have passive income to support themselves by 55.
The game of Monopoly in Real Life - what do you own, who pays you.
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast