This is a YouTube video titled "🚨 Appraisal Waiver 🚨" containing a discussion about conventional financing and appraisal waivers, explaining the conditions under which appraisal waivers can be applied in real estate transactions. The content appears to be a single-speaker explanation recorded on March 11, 2022.
Conventional financing does allow for the opportunity to have an appraisal waiver. These days there's a few rules that go into it to have a chance. Then the lender can run it through Fannie and Freddie and get a response on if they need an appraisal. They're not skipping steps, they're just making it easier because they have enough data they don't need even more. If you're buying a house, must be at least 20% down single family home or condo, no multi units. If you're doing an investment Property at least 25% down Refis at least 10% equity on a rate term or streamline at least 30% equity on a cash out and you have an opportunity at an appraisal later.
