What is FNMA Form 2055?

Form 2055 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), Detached Condominium Unit or a 1-unit property with an accessory unit. An exterior-only inspection of the subject property is required.

What is the difference between 1025 and 1004 appraisal?

Keep in mind that Form 1004C is used for appraising single-family manufactured housing, while Form 1073 is used for condominium units. On the other hand, Form 1025 is for small multi-family investment properties.

What is a 2095 appraisal?

Description of 2095 appraisal form. The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.

What is a 2055 appraisal report?

Exterior-Only Inspection Residential Appraisal Report Form 2055 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), Detached Condominium Unit or a 1-unit property with an accessory unit.

What is the major difference between the Fannie Mae 1004 form and the 2055 form?

What is the major difference between the Fannie Mae 1004 form and the 2055 form? The 1004 is six pages, and the 2055 is four pages. On the 2055, the appraiser must document the source of information for the subject's GLA and physical characteristics. They are the same form.

What is a 2075 appraisal?

Form 2075 is not an appraisal report. When Desktop Underwriter recommends Form 2075, it has judged the reasonableness of the sales price as adequate collateral for the mortgage loan. Therefore, a property appraisal is not required for the specific transaction.

What is a 2065 appraisal?

Desktop Underwriter Quantitative Analysis Report (FNMA 2065) This is a mortgage appraisal that can be used for refinancing a single-family dwelling or for a home equity loan. The report shows a comparison of the subject in terms of superior, equal, inferior, and no single market value given.

What are the 3 types of appraisal reports?

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.

Get Fannie Mae 2055 1996-2024

/CLIENT FOR A MORTGAGE FINANCE TRANSACTION ONLY. Property Address Legal Description Assessor's Parcel No. Borrower Neighborhood or Project Name Sales Price $ Property rights appraised City State County Zip Code Tax Year R.E. Taxes $ Special Assessments $ Occupant Owner Tenant Project Type PUD Condominium HOA $ Description / $ amount of loan charges/concessions to be paid by seller Map Reference Census Tract Current Owner Date of Sale Fee Simple Leasehold Vacant /Mo. IMPROVEMENTS SITE .

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