MENU

GSEs Appraisal-Free Purchase Mortgages

Published Friday, September 1, 2017

On August 18, 2017, both Freddie Mac and Fannie Mae, collectively the Government Sponsored Entities (GSEs), announced they would allow for the use of their proprietary automated valuation tools in lieu of traditional appraisals for some purchase loan transactions.

Freddie Mac will utilize their automated collateral evaluation (ACE) to determine home value by using data from multiple listing services and public records as well as their own data of historical home values to determine collateral risks. Homes must have an 80% or lower loan to value, be a one unit single-family... Read More

Community News

The True Value of a REALTORŪ Association Goes Beyond the Basics
Friday, April 12, 2019
Town of Fairfax Agrees to Further Study of Maximum Square Footage and Rental Mediation; Review Just Cause Eviction in One Year
Friday, April 5, 2019
Advocacy Alert: Fairfax Considering House Size and Rental Changes
Monday, April 1, 2019

All News

Dummy Ad - Side Tile 1 Melissa Prandi
Sterling Bank & Trust
Website by Accrisoft