What is an appraisal 1025?
The Small Residential Income Property Appraisal Report (FHLMC 72/FNMA 1025) is for the appraisal of two- to four-unit properties, including properties in PUD, condo or co-op projects.
Does a 1025 appraisal include a rent schedule?
Property Appraisal Report (Form 1025), as applicable, and copies of the current lease agreement(s). rent supported by the Single-Family Comparable Rent Schedule (Form 1007) or a Small Residential Income Property Appraisal Report (Form 1025), as applicable, may be used.
Is there a 1025 exterior form?
Elimination of listing comparables on the Form 1025 (Small Residential Income Property Appraisal Report). Addition of specific “exterior-only” reports according to property type. There are now separate exterior-only appraisals for SFRs/PUDs, Condominiums and Cooperatives.
What is a form 1007 or form 1025?
returns, one of the following Fannie Mae forms must be used to support the. income-earning potential. • One-unit properties: Single-Family Comparable Rent Schedule (Form 1007) • For two-to-four unit properties: Small Residential Income Appraisal Report (Form 1025)
What is a rent schedule on an appraisal?
The single family rent schedule is used to estimate market rent by the appraiser. Typically the appraiser analyzes three rental properties that share or bracket significant rental characteristics with the subject property.
What is a Form 1007 or Form 1025?
What is a 216 on an appraisal?
Description of Operating Income Statement Report-216 Form: Income and Expense projections are provided by the applicant to be used in determining income approach to value. Contact Us Today to SAVE on Appraisal Services!
What is a small residential income property appraisal report?
What is a Small Residential Income Property Appraisal Report (Form 1025)? This is the industry-standard appraisal report type for 2-4 unit residential properties. It is the most commonly used report format for two to four unit residential income property appraisals.
What’s a 1007 in an appraisal?
Description: The Single Family Comparable Rent Schedule Form 1007 is intended to provide an appraiser with a familiar format to estimate the market rent of a property. Adjustments should be made only for those items of significant difference between the comparables and the subject property.