Appraisers

Fannie Mae’s lender partners rely on appraisers to provide them with thorough, accurate, and objective appraisal reports that result in reliable opinions of market value so they can make prudent underwriting decisions. The appraisal is used to judge the property’s acceptability for the mortgage loan requested in view of its value and marketability.

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Related Applications

Appraiser Resources

Frequently Asked Questions (FAQs)

Appraiser Forms

Form Title
Form 1004 Uniform Residential Appraisal Report
Form 1004C Manufactured Home Appraisal Report
Form 1004D Appraisal Update and/or Completion Report
Form 1004MC Market Conditions Addendum to the Appraisal Report
Form 1007 Single-Family Comparable Rent Schedule
Form 1025 Small Residential Income Property Appraisal Report
Form 1073 Individual Condominium Unit Appraisal Report
Form 2000 One-Unit Residential Appraisal Field Review Report
Form 2000A Two- to Four-Unit Residential Appraisal Field Review Report
Form 2090 Individual Cooperative Interest Appraisal Report

What's New

  • Lender Letter 2015-02

    This Lender Letter provides clarifications and additional information on Fannie Mae’s valuation-related tools and appraisal policies, including Collateral Underwriter, Appraiser Quality Monitoring, and updates to the Property Eligibility and Appraisal Requirements section of the Selling Guide.

  • Adjustments to Comparable Sales Policy Update

    Fannie Mae has eliminated the 15% net and 25% gross adjustment guidelines and provided clarification with respect to expectations for the appraiser to analyze the market for competitive properties and provide appropriate market-based adjustments without regard to limits on the size of the adjustments.

Guide Resources

Access the Selling Guide via the link below or AllRegs.com. See Chapter B4-1 for Appraisal Requirements.

UAD Overview

  • Uniform Appraisal Dataset (UAD)

    The Uniform Appraisal Dataset (UAD) was jointly established by Fannie Mae and Freddie Mac to provide common requirements for appraisal data.

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