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Residential property appraisal

Form 1025-2025

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The document is a Small Residential Income Property Appraisal Report, which provides an assessment of the market value of a specific residential income property. It includes detailed information about the property, neighborhood characteristics, comparable rental and sales data, and the appraiser's analysis and conclusions regarding the property's value. The report outlines the intended use for mortgage finance transactions and adheres to professional appraisal standards.

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2005	4.8 Satisfied (243 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a 1007 rental income?

Form 1007 is used to estimate the monthly market rent of single-family properties or inium investment properties. Some lenders require this form when rental income is used to qualify for lending. The form can be used alone or with lease agreements when purchasing property.

What is a form 1025?

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.

What is a 1025 tax form used for?

Use this form to apply for relief on account of loss, theft, or destruction of United States registered securities and registered securities for which the Treasury Department acts as transfer agent.

What is a form 1007 or form 1025?

Form 1007 is mostly centered around appraising the rental data of a single-family home, while 1025 takes into account both rental income and fair market value of the types of properties its used to evaluate.

1025 appraisal form

Printable form 1025 Form 1007 Appraisal form 1025 with 216 Form 1025 instructions Form 1025 pdf Form 1025 template Form 1025 sample Fnma Form 1025

What is the difference between 1007 and 1025?

Form 1025 is also used by appraisers to assess income properties. It differs from the 1007 in that it is used to assess duplexes, triplexes, and fourplexes. Form 1025 considers both rental income and fair market value of the comparable properties.