The Value of a Desktop Appraisal
In early 2022, Fannie Mae and Freddie Mac began accepting desktop appraisals as an option to a traditional onsite appraisal as standard practice. According to Fannie Mae, a desktop appraisal leverages existing data and analytics to produce a home value without physically visiting the home. While a homebuyer or lender may elect for a traditional appraisal, there are benefits to a desktop appraisal.
If you are relocating due to employment, this may be a good option for several reasons. Desktop appraisals:
Premia Relocation Mortgage is using desktop appraisals to make relocations happen quickly. If you have any questions about the different appraisal options, please feel free to reach out to one of our relocation mortgage consultants.
If you are relocating due to employment, this may be a good option for several reasons. Desktop appraisals:
- Improve efficiency of the mortgage process
- Reduce the cost of an appraisal, saving money
- Happen quickly – reducing the financing process by days and decreasing temporary housing costs
- Create a better relocation experience
Premia Relocation Mortgage is using desktop appraisals to make relocations happen quickly. If you have any questions about the different appraisal options, please feel free to reach out to one of our relocation mortgage consultants.