Archive for December 2024
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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