The FHFA announced expanded guidelines for appraisal waiver increasing the maximum loan to value (LTV)from 80% to 90% on purchase transactions.An appraisal waiver is not guaranteed on all conforming mortgages. Loans are submitted to the automated underwriting systems for Fannie Mae or Freddie Mac, ...
Combined loan-to-value includes and additional liens on the property dti, debt-to-income ratio. From Freddie Mac’s documentation: the sum of the borrower’s monthly debt payments […] divided by the total monthly income used to underwrite the borrower sato, short for spread at originat...