Uniform Residential Appraisal Report (URAR) –FNMA 1004

• Reports value in a summary format using an URAR (FNMA 1004) form for a single-family residence.  It is used primarily for proposed construction, major remodel or a complex property.

FHA Appraisal Report

• Reports value in a summary format using an URAR (FNMA 1004) form for a single-family residence.  It is used primarily for proposed construction, major remodel or a complex property.  Included with this report are 12 VC sheets specific to the guidelines of FHA.

Condominium Unit Appraisal Report –FNMA 1073

• Reports value in a summary format (FNMA 1073) using a condo form for an individual unit. It provides information that is unique to these forms of real property.  This may include subject unit, unit complex, associations, CC&R data, and other market data, which is specific to these forms of property ownership.

Small Residential Income Property Report –FNMA 1025

• Reports value in a summary format using a SRIP (FNMA 1025) for a 2-4 family property.  It provides specific data on income factors that may include subject unit, market rental, and comparable income producing properties similar to the subject.

Real Estate Owned Quantitative Analysis Appraisal Report –FNMA 2055

• Reports value in a limited format using a FNMA 2055 form.  This is used for appraisal of typical, non-complex, and existing single-family residences.

Limited Summary Report –FNMA 2065/FHLMC 704

• Reports the value in a limited format.  It is used primarily for single-family properties that are not proposed construction, involve major remodeling, or are complex in nature.

Complex or Jumbo Property Report

• Properties which have some level of complexity that require a more experienced appraiser and require the appraiser to conduct additional fieldwork.

Property Inspection Report –FNMA 2075 / FHLMC 2070

• Reports basic information about the property using a FNMA 2075 form.  It is based on an exterior inspection (drive-by), and does not provide an estimated value conclusion.  Used for a loan using an Automated Valuation Model (AVM), or Assessed Value (AV).  Drive-by property inspections are effective for 120 days.