Home
Forms Library
Exterior-Only Inspection Individual Condominium Unit - eFannieMae

Get the up-to-date Exterior-Only Inspection Individual Condominium Unit - eFannieMae 2025 now

Exterior-Only Inspection Individual Condominium Unit - eFannieMae Preview on Page 1

Show details

4.3 out of 5

42 votes

The document is an Exterior-Only Inspection Individual Condominium Unit Appraisal Report, which aims to provide a lender or client with a supported opinion of the market value of a specific condominium unit. It includes details about the property, neighborhood characteristics, comparable sales analysis, and appraiser's certifications. The appraisal is based on an exterior inspection and various data sources to assess the property's condition, market trends, and value.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The fastest way to redact Exterior-Only Inspection Individual Condominium Unit - eFannieMae online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Dochub is the greatest editor for changing your paperwork online. Follow this simple guideline edit Exterior-Only Inspection Individual Condominium Unit - eFannieMae in PDF format online for free:

Sign up and sign in. Register for a free account, set a strong password, and proceed with email verification to start working on your forms.
Add a document. Click on New Document and select the file importing option: add Exterior-Only Inspection Individual Condominium Unit - eFannieMae from your device, the cloud, or a secure link.
Make changes to the template. Take advantage of the top and left panel tools to redact Exterior-Only Inspection Individual Condominium Unit - eFannieMae. Insert and customize text, pictures, and fillable fields, whiteout unneeded details, highlight the significant ones, and comment on your updates.
Get your documentation accomplished. Send the form to other people via email, create a link for faster file sharing, export the template to the cloud, or save it on your device in the current version or with Audit Trail included.

Try all the benefits of our editor today!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

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 an exterior only appraisal?

A drive-by appraisal, also sometimes referred to as a summary appraisal, is an alternative type of home appraisal during which an appraiser examines only the propertys exterior.

Which Fannie Mae form is designed to report the appraisal of a single-family home without an interior inspection?

Fannie Mae 2055, Exterior-Only Inspection Residential Appraisal Report. Also known as the Freddie Mac form 2055.

What is a form 2055?

The 2055 form is an appraisal form used by appraisers to appraise a single-family residential property. This form is used for an exterior-only inspection of a house. Form 2055 was developed by Fannie Mae and Freddie Mac in 2005 as an appraisal form for conventional lending purposes.

What is a 1073 appraisal form used for?

Form 1073. Form 1073 is the second most commonly used property appraisal form for residential properties. This form is used for appraising iniums. Essentially, it is the same form as Form 1004 and also serves the same purpose.

What does Fannie Mae require as a minimum for an exterior only inspection?

The appraiser must, at a minimum: (1) perform a visual inspection of the exterior areas of the subject property from at least the street, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources,

Which Fannie Mae appraisal report form is designed to report an exterior only inspection appraisal of a single-family home?

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 inium Unit or a 1-unit property with an accessory unit.

Does an appraiser typically look at both the interior and exterior of the subject property?

The first step is the appraisal inspection, where appraisers traditionally review the homes interior and exterior to make sure it is in sound structural shape, confirm that there arent any safety issues, note the number of rooms, and see if there have been any major upgrades or renovations since the last real estate

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.

Get the up-to-date Exterior-Only Inspection Individual Condominium Unit - eFannieMae 2025 now

Here's how it works