APPRAISAL WAIVER CONSIDERATIONS What is an appraisal waiver? How can one get an appraisal waiver? What is the benefit of an appraisal waiver? Why would one not want an appraisal waiver? What is an appraisal waiver? An appraisal waiver is when the lender approves a home mortgage loan without requiring an appraisal. How can one get an appraisal waiver? Mortgage loans for the most part are run through automated underwriting. Through that process Fannie or Freddie may indicate the value as input is acceptable and an appraisal is not needed. When automated underwriting accepts the value without an appraisal, the borrower can still request an appraisal if they want. Usually a home located in a rural area is less likely to receive an appraisal waiver simply because it does not have all th...
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