Simple Appraisal Alternatives During COVID-19

Simple Appraisal Alternatives During COVID-19. Fannie Mae and Freddie Mac (Conventional loans) and HUD (FHA loans) will allow Exterior Drive-By Appraisals and Desktop Appraisals. During this COVID-19 national emergency, in many cases, lenders are unable to obtain an appraisal based on a full interior and exterior inspection of the subject property. In response, they are allowing temporary flexibilities to the appraisal requirements.

Fannie Mae, Freddie Mac relax appraisal, employment …. https://www.housingwire.com/articles/fannie-mae-freddie-mac-relax-appraisal-employment-verification-standards-in-wake-of-coronavirus/

Fannie Mae, Freddie Mac relax appraisal, employment verification standards in wake of coronavirus

Citing the extraordinary circumstances that the country is facing with the ongoing spread of the coronavirus, the Federal Housing Finance Agency announced Monday that it is directing Fannie Mae and Freddie Mac to ease their standards for both property appraisals and verification of employment.

(HousingWire.com Article March 23, 2020, 11:54 am By Ben Lane)

Caesar Krit

02:36 04 Oct 24

My wife and I cannot say enough about the expertise and true professionalism that New Dwelling provided for our first home. Gaby and Frank were extremely thorough and worked under short notice to meet deadlines. Would highly recommend to anyone else.

Jose Guzman

21:56 29 Jul 24

We used New Dwelling Mortgage for our Mortgage on our home and I must say do not second guess their services !! Steve & Gaby were great throughout the entire process; constant communication; weekly status updates. They make videos which help you visualize and understand important documents. Steve is there for all your needs and the best part was how quick we were clear to close!!! Thank you to everyone at New Dwelling.

Blue River

05:45 25 Jul 24

New Dwelling Mortgage specifically Stephen Simone created a wonderful experience for me as a client. He was knowledgeable, present, and in my estimation, the most ethical consultative service person I have ever worked with in my life. Ray every turn he promised and OVER delivered. He was able to get a mortgage done in two weeks for my family.I consider Stephen Simone not only a fantastic mortgage broker, but a friend for life after this experience.Thank you, Stephen Simone! And New dwelling Mortgage.

Justin Conigliaro

23:31 11 Jul 24

My wife and I cannot say enough about the expertise and true professionalism that New Dwelling provided us throughout the process of purchasing our first home. Amanda, Gaby and Frank were extremely thorough, warm and patient. They provided us with extremely helpful videos every step of the way, they made time to answer all of our many questions and made us feel extremely comfortable and confident as we embarked on a journey that we truly knew nothing about. Thank you so much for everything that you’ve done for us. We will ALWAYS work with New Dwelling moving forward and would highly recommend anyone else to do the same.

Ruth Boda

00:55 25 Jun 24

I have been working with Frank and New Dwellings on both refinance and purchase transactions. Their number 1 focus is taking care of their clients. I can 100% state from personal experience, that Frank and his team are one of the most professional, responsive and helpful mortgage professionals I have ever worked with. I highly recommend Frank and New Dwelling Mortgage!Got a loan started and closed in just 15 days! AMAZING!