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What is a 1025 used for?

What is a Small Residential Income Property Appraisal Report (Form 1025)? This is the industry-standard appraisal report type for 2-4 unit residential properties. It is the most commonly used report format for two to four unit residential income property appraisals.

How do I apply for an appraisal form?

When you fill the form: Be honest and critical. Analyze your failures and mention the reasons for it. Keep the words minimal. Identify weaknesses. Mention your achievements. Link achievements to the job description and the organizations goals. Set the goals for the next review period. Resolve conflicts and grievances.

What is a 1004D appraisal form?

An Appraisal Update and/or Completion Report (Fannie Mae Form 1004D) is used to update the value of an appraisal that is more than four months old or to confirm completion of, construction of, or renovations to a dwelling when the original appraisal was performed prior to completion.

What is a 1025 appraisal form used for?

The Small Residential Income Property Appraisal Report (FHLMC 72/FNMA 1025) is for the appraisal of two- to four-unit properties, including properties in PUD, condo or co-op projects.

Does a 1025 include a rent schedule?

For Investment/Income properties, the Form 1025 will be accompanied by Form 216 (Operating Income Statement). The Form 1007 (Comparable Rent Schedule) is not needed as an add on form as the 1025 includes a section for the Comparable Rent Schedule as part of the standard form.

1025 appraisal form

Fannie mae 2045 appraisal form 2045 appraisal form pdf

What is a 1025 form in mortgage?

Fannie Mae 1025, Small Residential Income Property Appraisal Report. Also known as the Freddie Mac form 72. This report form is designed to report an appraisal of a two- to four-unit property, including a two- to four-unit property in a planned unit development (PUD).

What is a 2045 appraisal form?

The Master Residential Appraisal Report (Form 2045) is a streamlined property valuation alternative designed for use in conjunction with appraisals reported on the Desktop Underwriter Quantitative Analysis Appraisal Report (Form 2055).

What is the difference between 1004 and 1025 appraisal forms?

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

2045 appraisal form-2025