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
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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
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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
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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
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Single Family Comparable Rent Schedule (FNMA 1007) |
- Includes rental comparables in familiar grid format
- Reports estimated market rent
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Operating Income Statement (FNMA 216) |
- Reports income and expense projections for the next 12 months
- Helps estimate necessary cash reserves
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Meeting
