What are the cons for property inspection waiver fannie mae 2014?

Not sure their are any, an appraisal is only going to determine market value. If you are looking to see what if any problems there are with the home, a home inspection will take care of that. It really determines on the entire situation so ideally more info is needed.

It really just means the underwriting computers believe the value for the home is close to what has been listed as the value on the application, so they will not require an appraisal. I don't know that there would be any con...

The only con I can think of is that you don't have an updated appraisal of your property, but you can always hire an appraiser directly (or ask a Realtor for a market analysis, not the same but will give you an idea). sign the form and move on!

No con's only positives.. No appraisal, no underwriting of an appraisal, no property deficiencies need be addressed, less paperwork, the waver fee is $75, yet an appraisal is $300-$600. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com