Temporary Home Appraisal Alternatives

On March 23, 2020, the Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to allow the use of appraisal alternatives to reduce the need for appraisers to conduct interior property inspections for eligible mortgages through May 17, 2020.

This move is intended to reduce transaction delays due to appraisers unable or unwilling to enter properties to conduct interior inspections.

Follow this link to read all about this temporary guidance.