Appraisal Waiver Rules Expanded as of January 1, 2025

Mortgage lenders can process more mortgage applications without a property appraisal on purchase transactions starting January 1, 2025.  The new rules apply to both appraisal waivers and inspection-based waivers, where additional property data is collected by the lender. In recent years, appraisal waivers were available on loans sold to Fannie Mae or Freddie Mac for…

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