Fannie Mae Appraisal Changes

Many of our resort and cabin properties have spaces with ceilings that slant, most of these are in upstairs bedrooms as pictured. Beginning April 1, if the buyer is financing through Fannie Mae the appraiser has to follow new rules. Check out the section in this link, How Well Do You Know ANSI which details measuring space and what counts as a basement. The MLS may have to revise rules on what is considered a bedroom….


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