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Appraisal Review Reminders - Freddie Mac Single-Family

Appraisal Review Reminders - Freddie Mac Single-Family 2025

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The document outlines the purpose and process of appraisal review, detailing the criteria and items to be assessed by a staff appraiser. It includes sections for evaluating various approaches to property valuation, such as market, cost, and income approaches, along with specific questions regarding the appraisal's clarity, accuracy, and overall effectiveness. The reviewer is instructed to provide comments on any inadequacies and recommendations for improvement.

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Click ‘Get Form’ to open the Appraisal Review Reminders in the editor.
Begin by entering the property details, including the name and address of the property, as well as the contract number and date. This information is crucial for identifying the appraisal being reviewed.
Proceed to fill out the reviewer’s appraisal analysis section. Here, you will assess various components such as market approach, sales listings, and value conclusions. Use the provided rating system (E, A, I) to evaluate each item accurately.
In Part VIII, provide detailed comments on any negative answers from previous sections. This is essential for clarity and thoroughness in your review.
Finally, ensure all required signatures and dates are included before saving or sharing your completed form. Our platform allows you to easily export or send your document directly from Google Workspace.

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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.

Does Freddie Mac require an appraisal?

Freddie Mac requires that the Seller obtain an appraisal report that accurately reflects the market value, condition and marketability of the property.

Do appraisals have expiration dates?

Federal Housing Administration (FHA) loan An FHA appraisal is valid for up to a year if updated. Otherwise, its valid for 180 days. If the tracking number assigned to your loan (case number assignment) changes during that time, a lender may request a new appraisal no matter how many days have passed.

How long are appraisals good for?

Use of an Appraisal for a Subsequent Transaction The age of the appraisal report must be less than 12 months from the note date of the subsequent transaction. If the appraisal report is greater than four months from the date of the note and mortgage, then an appraisal update is required.

What is the expiration date for an appraisal?

The age of the appraisal report must be less than 12 months from the note date of the subsequent transaction. If the appraisal report is greater than four months from the date of the note and mortgage, then an appraisal update is required.

How long after purchase can you use new appraised value?

The effective date is the date of the appraised subject property. The effective date is important because it is the date that determines which market trends the appraiser will analyze when estimating the propertys value.

What is one of the requirements that Fannie Mae and Freddie Mac have for an appraisal of a manufactured home?

Appraisers must include photos of the HUD Data Plate, HUD Certification Labels, and MH Advantage Sticker as well as the driveways, sidewalks, and detached structures located on the site. Appraisers must use MH Advantage homes for the comparable sales when available.

What are the new appraisal requirements for 2025?

Beginning in Q1 2025, for purchase loans for primary residences and second homes, the eligible loan-to-value (LTV) ratios for Value Acceptance will increase from 80% to 90% and Value Acceptance + Property Data will increase from 80% to the program limits.

Appraisal Review Reminders - Freddie Mac Single-Family 2025

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