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!