Lucky for the mortgage industry and our borrowers, last year Fannie Mae and Freddie Mac started allowing Appraisal Waivers for loans that meet a certain criteria.
In this episode I discuss the ins and outs of an appraisal waiver, it is perfect for you to share with your buyers to help them better understand the process and what goes into their property getting an Appraisal waiver!
Spoiler Alert: There is no set guideline for obtaining an appraisal waiver. It is a combination of loan to value, credit score, debt to income ratio and what their online comps say about your property.
All that wrapped up in a nice bow is what give you an appraisal waiver. Check out this episode to learn more!
You can catch the full video below!
Born and raised in Southwest Florida, I have been in the Mortgage business since 2001 I'm a grizzly, battle tested mortgage veteran. I am also the Host of Rates & Reels, which is the most popular fishing show in Southwest Florida, hosted by a guy named Tim. In my spare time I love spending time with my family, coaching baseball, and anything else my kids or wife want me to do. I would be happy to help you or someone you know with any of your Mortgage needs.
Check Out My Fishing Show Rates & Reels | Apply Now