Zillow Advice: Lenders - my lender said that appraiser could not find comps that were fannie mae aproved, what now? http://www.zillow.com/advice-thread/my-lender-said-that-appraiser-could-not-find-comps-that-were-fannie-mae-aproved-what-now/254974/ Zillow Advice | Zillow Real Estate No such thing. If they really ... http://www.zillow.com/advice-thread/my-lender-said-that-appraiser-could-not-find-comps-that-were-fannie-mae-aproved-what-now/254974/ No such thing. If they really said that, find a new lender. Tue, 22 Mar 2011 03:52:00 GMT http://www.zillow.com/advice-thread/my-lender-said-that-appraiser-could-not-find-comps-that-were-fannie-mae-aproved-what-now/254974/ 2011-03-22T03:52:00Z Comps should not need to ... http://www.zillow.com/advice-thread/my-lender-said-that-appraiser-could-not-find-comps-that-were-fannie-mae-aproved-what-now/254974/ Comps should not need to be fannie mae approved, in fact there is no way to know for certain if a comps is fannie mae approved or not unless there is a report based on the condition of the home, and whether or not it meets certain criteria. I would suggest another appraiser, or get some clarification from your lender as to how they know if something is or is not fannie mae approved. Tue, 22 Mar 2011 02:59:00 GMT http://www.zillow.com/advice-thread/my-lender-said-that-appraiser-could-not-find-comps-that-were-fannie-mae-aproved-what-now/254974/ 2011-03-22T02:59:00Z I never heard of fannie mae ... http://www.zillow.com/advice-thread/my-lender-said-that-appraiser-could-not-find-comps-that-were-fannie-mae-aproved-what-now/254974/ I never heard of <a href="http://www.zillow.com/mortgage-glossary/Fannie-Mae/">fannie mae</a> approved comps. Comps verify the value of the property. Now comps&nbsp;cannot be older than 90 days. Some <a href="http://www.zillow.com/directory/lenders/">lenders</a> will allow comps more than 5 miles from the subject property. This is only for your type of property. Single family owner occcupied. I would ask to see the comps. If they do not exceed a 5 mile radius I would certainly question why. ..... Happy funding, Rudi Hofmann Sat, 11 Jul 2009 14:32:00 GMT http://www.zillow.com/advice-thread/my-lender-said-that-appraiser-could-not-find-comps-that-were-fannie-mae-aproved-what-now/254974/ 2009-07-11T14:32:00Z