Form Number

Full Appraisal
Condominium

FNMA 1004

-Completed Freddie Mac/Fannie Mae form
-Complete interior and exterior inspection of subject property
-One set of three photographs of subject property-front, rear and street view
-One set of photographs for all comparable sales
-Appraiser's certification and limiting conditions
-Signature & license number of appraiser
-Sketch of property/location map

Full Appraisal
Single Family

FNMA 1004

-Same as Full Appraisal Condominium

Full Appraisal
2-4 Family

FNMA 1025

-Complete Freddie Mac/Fannie Mae form
-Complete interior and exterior inspection of subject property
-One set of three photographs of subject property-front, rear and street view
-Three approaches to value: cost, income, and sales comparison
-One set of photographs for all comparable sales
-Appraiser's certification and limiting conditions
-Signature & license number of appraiser

Limited (Drive-By) Appraisal

FNMA 2055

-Completed Freddie Mac or comparable form
-Complete exterior inspection of subject property
-One set of two photographs of subject property-front and street view
-One set of photographs for all comparable sales
-Appraiser's certification and limiting conditions
-Signature & license number of appraiser

Limited/Restricted
Appraisal

FNMA 2065 (Exterior only)
FNMA 2055 (Interior & Exterior)

-Completed Fannie Mae form
-Complete interior and/or exterior inspection of subject property as appropriate
-One set of two photographs of subject property-front and street view
-Appraiser's certification and limiting conditions
-Signature & license number of appraiser

Field Review

FNMA 2000

-Complete 2000 form
-Same as desk review
-Exterior inspection

Desk Review

Acceptable form

-Complete desktop review
-Verification of all data available
-Render of value conclusion
-Appraiser's certification and limiting conditions
-Signature & license number of appraiser

Re-Certification of Value

Acceptable form

-Complete acceptable form
-Complete exterior inspection of subject property
-Reverify data and render value conclusion
-Appraiser's certification and limiting conditions
-Signature & license number of appraiser

Construction Draw

Acceptable form

-Complete exterior inspection of subject improvements during construction for draw purposes
-Photograph of subject improvements at the time of each inspection
-Appraiser's certification and limiting conditions
-Signature & license number of appraiser

REO

FNMA 1004

-Completed Freddie Mac/Fannie Mae form
-Complete interior and exterior inspection of subject property
-One set of three photographs of subject property-front, rear and street view
-One set of photographs for all interior rooms
-Supplemental Real Estate Owned Addendum
-One set of photographs for all comparable sales and listing photos
-Appraiser's certification and limiting conditions
-Signature & license number of appraiser
-Sketch of property/location map

FHA

FNMA 1004

-Completed Freddie Mac/Fannie Mae form
-Complete interior and exterior inspection of subject property
-One set of three photographs of subject property-front, rear and street view
-One set of photographs for all comparable sales
-Appraiser's certification and limiting conditions
-Signature & license number of appraiser
-Sketch of property/location map
-VC Sheet
-Notice of Home Buyers