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Product Glossary 1004 Single Family URAR 1004 Single Family FHA 1004C Manufactured Home 1004D: Appraisal Update and/or Final Inspection 1025 Multi Family 1073 Condominium 1075 Exterior Condo 2055.

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Non-Owner Occupied, Single-Family URAR (Forms 1004, 1007, 216) This report format is typically requested by lenders when financing single family rental homes.

The Single-Family Residential Appraisal, Non-Owner Occupied Report 1004, with 216 and 1007 is used to estimate the market value of a property as defined in Uniform Standard of Professional Appraisal Practice (USPAP). It provides the benefit of a full interior and exterior inspection.

The Uniform Standards of Professional Appraisal Practice set forth the requirements for appraisal reports, which may be presented in one of three written formats: self-contained reports, summary reports, and restricted-use reports.

Fannie Mae Appraisal Form 216 An Operating Income Statement, Form 216, can be completed to determine the amount of operating income that can be used in evaluating an applicant's credit on applications for conventional mortgages for certain investment and owner-occupied dwellings.

Appraisal Form 1007, the Single-Family Comparable Rent Schedule, is to be used by an appraiser to estimate the market rent of a subject property. Adjustments should be made only for items of significant difference between the comparables and the subject property.

The Uniform Residential Appraisal Report (URAR) is the most commonly used single-family appraisal form, and it is also known as Form 1004.

This report form is designed to report an appraisal of a unit in a condominium project or a condominium unit in a planned unit development (PUD) based on an interior and exterior inspection of the subject property.

For a detached unit in a condo project that includes a mixture of both attached units and detached units, the condo appraisal form Form 1073 must be used even when the subject unit is a detached unit. The appraiser may only use Form 1004 for a detached condo unit when the project consists solely of detached units.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232