Fannie and Freddie expand appraisal exemptions to more homebuyers Daily Journal
Fannie Mae and Freddie Mac announced newly expanded appraisal waivers to reduce costs and help more first-time homebuyers purchase a property. The pair does offer assessment relief on some of the loans they guarantee, but the loan-to-value (LTV) ratio is currently set at 80%. This means you should have at least a 20% down payment … Read more