Can I get an appraisal waiver on a conventional refinance?
Sometimes. Fannie's DU and Freddie's LP issue appraisal waivers on certain low-LTV refinances where the agency's automated valuation has high confidence. Waivers are more common on rate-and-term than cash-out. Higher-LTV refinances rarely get waivers.
Plain-English explanation
Appraisal waivers (PIWs / value accept) save $400-700 in appraisal cost and 7-14 days in turn time. They depend on the agency's AVM data confidence in the property — single-family in established neighborhoods with clean comparable sales are most likely to get waivers. Properties in thin markets or with unique features rarely get waivers. The waiver is offered by AUS at the time of submission; you can't request it directly. Subject to AUS findings.
What can change the answer?
Rate environment, equity, credit, current loan type, seasoning, AUS findings (appraisal waiver eligibility), and program rules can change the answer.
Want the real answer for your conventional file?
Conventional guidelines are the rule. Your credit, income, DTI, PMI, LLPAs, and Florida payment math are what decide the actual answer.
More conventional questions on Refinance
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review.