Traditional Products
Single Family Interior/Exterior Appraisal Report (FNMA 1004/FHLMC 70)
The Single Family Interior/Exterior Appraisal Report, which takes into account market value trends, supply and demand, and marketing times, is a standard Fannie Mae summary appraisal report. This report estimates a specific market value, providing a sales comparison analysis grid with indicated value by sales comparison approach and cost approach. This report also includes quantitative adjustments to comparable sales.
Exterior Only Appraisal Report (FNMA 2055/FHLMC 2055)
The Exterior Only Appraisal Report reduces costs and increases efficiency, because it is a summary appraisal report that includes complete exterior property information, providing quantitative adjustments to comparable sales. This report estimates a specific value that will enable your decision making.
Manufactured Homes Report (FNMA 1004C)
Manufactured Homes Reports are required for any dwelling place that has been built upon a permanent chassis and attached to a permanent foundation. This could include mobile homes, trailer homes, or modular homes, among other varieties. Note 1004C will help ensure that the appraiser inspects, and reports upon relevant information, such as the type of foundation, type and amount of utility connections, manufacturer's name, model certification label, market value of the site, well defined cost approach, and the type of neighborhood.
Condo/PUD Interior/Exterior Appraisal Report (FNMA 1073/FHLMC 465)
The Condo/PUD Interior/Exterior Appraisal Report verifies the actual square footage and the room count, as well as considering the quality of construction, restoration needed, existing improvements, and all depreciation. Also included in the report will be the number of phases, number of units, number of units for sale and the number for rent. Market value trends, marketing times, and basic supply and demand will also be taken into account in the creation of this report.
Multi-Family Appraisal Report (FNMA 1025/FHLMC 72)
Multi-Family Appraisal Reports contain descriptions of the neighborhood, actual site, improvements, depreciation, quality of construction, necessary restoration, and stability of physical structure for two, three, and four family residences. This small residential income property appraisal includes sales comparison, income approach and cost approaches are all considered in estimating market value.
Single Family Comparable Rent Schedule (FNMA 1007)
The Single Family Comparable Rent Schedule is a simple report containing the estimated market rent, as well as rental comparables in a familiar grid.
Operating Income Statement (FNMA 216)
The Operating Income Statement provides necessary information (like income and expense projections for the next year) that allows for accurate estimating of necessary cash reserves.
Cooperative Interest Appraisal (FNMA 2090)
The Cooperative Interest Appraisal requires an extensive interior and exterior inspection of the cooperative unit. Included in the appraisal report are monthly maintenance fees, blanket financing information, number of shares to the unit, total number of outstanding shares, type of mortgage, tax information, mortgage due date, exterior subject photographs, projects amenities, a sketch detailing interior dimensions and gross living calculations, and a map showing the location of the unit, among other information.
New Construction Plans/Specifications Appraisal (FNMA 1004 New Construction)
New Construction Plans/Specifications Appraisal reviews plans and specifications for new construction projects. During the appraisal, room count, actual square footage, quality of construction, improvements, depreciation, and needed repairs are considered to determine the market value. The foundation, insulation, basement, and exterior are described. This appraisal is typical appraised subject to plans and specs.
Land Only Appraisal (FNMA 104)
A Land Only Appraisal comes with a signed Appraiser's Certification. The basic premise of the report is an estimate of the market value of unimproved land if sold for residential development.
