On Q Financial is among the first mortgage lenders to offer Property Inspection Waivers prior to the national rollout in December.

The new Property Inspection Waiver is a welcome benefit and a cost savings for buyers!

Serving as a recommendation from the lender to waive the appraisal for certain low-risk transactions – the Property Inspection Waivers are applicable only on mortgage loans approved through an automated underwriting system.

There are a number of transactions eligible:

  • Purchase and Limited Cash-Out Refinance mortgage loans
    • primary residences
    • second homes
    • investment properties
  • Single-Family homes (attached and detached)
  • Condominiums (program available after December 10th)

Contact an On Q Mortgage Consultant today for the Property Inspection Waiver full details!