Sentences with phrase «appraisal waiver»
«HARP offered these homeowners a lot of advantages, such as appraisal waivers, no limit LTVs and fraud waivers for the new lender.»
mortgageloan.com
The «appraisal waiver» has been a huge hit with U.S. homeowners, allowing unlimited loan - to - value (LTV) home loans via the FHA Streamline Refinance program.
The appraisal waiver policy has been hugely popular with millions of homeowners who were underwater on their mortgages.
The «appraisal waiver» has been a huge hit with U.S. homeowners, allowing unlimited loan - to - value (LTV) home loans via the FHA Streamline Refinance program.
To be considered for the appraisal waiver, a prior appraisal must already exist in their database for the same property and borrower.
If the borrower has chosen to obtain an appraisal, once it has been ordered, the appraisal must be used on the loan and the borrower can not revert back to accepting the appraisal waiver.
2If an appraisal waiver has been offered to the borrower, the borrower may still choose to obtain an appraisal.
However, NAR does have some concerns with the appraisal waiver programs implemented by the GSEs.
The appraisal waiver will be issued on a relatively small percentage of purchase transactions, mostly because of the high standards that need to be met to receive the waiver.
APPRAISAL WAIVERS — FEW AND FAR BETWEEN Appraisal Waivers or «Property Inspection Waivers» (or PIWs) are popping up more often nowadays.