Starting in the first quarter of 2025, Fannie Mae and Freddie Mac will implement expanded appraisal waivers, increasing maximum loan-to-value ratios, benefiting first-time borrowers.
The new policies, announced by Fannie Mae, Freddie Mac, and FHFA, aim to enhance existing appraisal waivers, allowing for increased savings and faster closing times.
With appraisal waivers, maximum loan-to-value for home purchases increases from 80% to 90%, significantly improving access to financing for low-to-moderate income buyers.
Fannie Mae's Value Acceptance now allows lenders to rely on property data and offer a streamlined process that requires only a single visit for inspection.
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