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.
Denver Metro Market Trends July 2020 - Get Those Sellers Moving
Lower Interest Rates Have More Benefits Than You Realize
Competitors aligning, fun with your team and riding the wave of change.
Colorado New Home Construction Trends and Recommendations
Your first real estate investment, it really is that easy.
Deeper Conversations Lead to Stronger, Longer Business Relationships
Offer Safety and Security, Not Bricks and Sticks.
Denver Metro Market Trends June 2020 - Whose Market Is It?
Back to Basics to Build Your Long-term Value to Your Clients
The Market is Rebounding
Real Estate is Essential, Realtors are Not
Forbearance Waiting Period Issue Solved Through FHFA
Stop Pivoting and Double Down on Who You Are as an Agent
What to expect in Q3 Since Our Usual Upswing Isn't Happening
What you weren't told would be the results of that forbearance that was so easy to get.
Buyers and Sellers are Ready, but on Their Terms
An Agent Using Change as the Opportunity to Gain Market Advantage
Agents let your list know, I'm here, I'm informed, I'm an expert.
5 Agent Tips to Keep Your Edge and Your Humanity
Safehouse Denver Needs Supplies
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast