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Single Family Interior/Exterior Appraisal Report (FNMA 1004/FHLMC 70)

  • The standard Fannie Mae summary appraisal report
  • Considers market value trends, supply and demand and marketing times
  • Provides indicated value by cost approach, where appropriate
  • Provides a sales comparison analysis grid with indicated value by sales comparison approach
  • Quantitative adjustments to comparable sales
  • Estimates a specific market value

Exterior Only Appraisal Report (FNMA 2055/FHLMC 2055)

  • Summary appraisal report documentation but includes extensive property information
  • Provides quantitative adjustments to comparable sales
  • Estimates a specific value
  • Increases efficiency and reduces costs

Condo/PUD Interior/Exterior Appraisal Report (FNMA 1073/FHLMC 465)

  • Considers market value trends, supply and demand, and marketing times
  • Room count and actual square footage by GLA
  • Notes condition of improvements, depreciation, repairs needed, and quality of construction
  • Project and phase information includes number of units, number of units for sale, and number of units currently rented, which allows assessment for any location risk within the complex

Multi-Family Appraisal Report (FNMA 1025/FHLMC 72)

  • Small residential income property appraisal report for two- to four-family residences
  • Provides neighborhood, site, and improvement descriptions
  • Provides general description of subject’s physical structure
  • Notes condition of improvements, depreciation, repairs needed and quality of construction
  • Includes an analysis of market rents, with rental comparables
  • Sales comparison, income approach, and cost approaches are all considered in estimating market value

Single Family Comparable Rent Schedule (FNMA 1007)

  • Includes rental comparables in familiar grid format
  • Reports estimated market rent

Operating Income Statement (FNMA 216)

  • Reports income and expense projections for the next 12 months
  • Helps estimate necessary cash reserves
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