Freddie Makes Condo Loans and Refis Eligible for Appraisal Waiver
July 6, 2018
Freddie Mac will now allow borrowers purchasing or refinancing a condominium to take advantage of its appraisal waiver. With condominium loans growing in popularity among first-time homebuyers, the GSEs are purchasing more of the product. As a result, Freddie announced last week it decided to expand the eligibility requirements. Fannie Mae has been offering its property inspection waiver to condominium borrowers since May.