Fannie Mae – Utility Accessibility – Appraisals: Will Fannie Mae lend on a property where the utilities were not turned on at the time of the appraisal inspection?
Answer: Yes. Fannie Mae does not require that the utilities that serve the property be turned on at the time of the inspection. See Question #23 in the attached reference. Supporting Resource: Fannie Mae – FAQs – Appraisal Property Report Social Media Post: Fannie Mae does not require that the utilities serving the property be […]