What is an appraisal waiver?

 Fannie and Freddie both have been allowing appraisal waivers for both refinance and purchases since before COVID

 If a property has been appraised for a Fannie or Freddie recently, a loan may qualify for an appraisal waiver(now called value acceptance), meaning no appraisal, or might involve value acceptance + a property data inspection by a non-appraiser to confirm the condition of a property. 

In this episode I will talk about what are the pros and cons of appraisal Waivers.

Vlog: https://gaappraisalsinc.com/vlog/
Website: https://gaappraisalsinc.com/