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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2022 Desktop APPRAISALS Become a PERMANENT OPTION

Say What??? For the Federal Housing Finance Agencey appraisals conducted remotely (NO appraiser going through your property) will be accepted in 2022 for Qualifying Fannie and Freddie Loans. Read More

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