PIW is a property inspection waiver (also known as an appraisal waiver), and depending on your situation, you may say yes to one.

The waiver program, begun by Fannie Mae in 2017, allows you to be approved for a mortgage without an appraisal at all. Some lenders love it.

A Property Inspection Waiver (PIW) allows you the ability to have your mortgage approved without an appraisal on the property.

28 авг. 2024 г. · Inspection-based appraisal waivers allow lenders to take a risk-based approach to the collateral valuation process while still saving money and time.

19 июн. 2023 г. · A property inspection waiver is an agreement between the buyer and seller that waives the requirement for a traditional property inspection.

2 июн. 2023 г. · Both Fannie Mae and Freddie Mac are pushing their latest attempt to bypass appraisers – with what are called “inspection-based appraisal waivers” or “Value ...

30 июл. 2024 г. · An appraisal waiver shortens the appraisal process because buyers who qualify for a waiver can skip the in-person visit by a licensed appraiser.

A property inspection waiver (PIW) mortgage is a mortgage that's eligible for an appraisal waiver, which means the loan can be approved without a home ...

Inspection-based appraisal waivers shorten the loan process by allowing buyers to skip the appraisal by using a third-party software to determine a home's ...