Is obtaining an exterior-only appraisal acceptable for determining property value for Relief Refinance Mortgages?
No. If you select the new appraisal option for the Relief Refinance Mortgage – Same Servicer it must be an appraisal with an interior and exterior inspection. Additionally, the Relief Refinance Mortgage – Open Access requires an appraisal with an interior and exterior inspection. The appraisal must meet the requirements in Guide Chapter 44.
Related Questions
- Where do I find the cash adjustor value required for Relief Refinance Mortgages with LTV ratios greater than 105 percent that are sold to Freddie Mac for cash?
- Is obtaining an exterior-only appraisal acceptable for determining property value for Relief Refinance Mortgages?
- How do I access HVE to obtain the value of the property for the Relief Refinance Mortgage – Same Servicer?
