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The document is a Manufactured Home Appraisal Report Addendum required for mortgage applications secured by manufactured homes. It outlines the necessary information and analysis regarding the property, including details about the home, market conditions, comparable sales, and cost approach. The appraiser must provide insights on property values, demand/supply dynamics, and marketing time while ensuring compliance with Fannie Mae guidelines. Additionally, it includes certifications for the appraiser's qualifications and experience in assessing manufactured homes.

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Versions	Form popularity	Fillable & printable
2005	4.9 Satisfied (506 Votes)
2003	4.8 Satisfied (255 Votes)

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What are the different types of appraisal forms?

Appraisal forms can be divided into a few categories, but the main two are residential and commercial forms. Residential forms are used for residential properties, and commercial forms are used for commercial properties.

What is appraisal form 1004?

A URAR form, also known as Fannie Mae Form 1004, contains information needed to complete a full appraisal of a property using three primary approaches to determine value: cost approach, sales comparison approach and income approach.

What is the difference between a desktop appraisal and a full appraisal?

The main difference between a desktop appraisal form and the one used in a full appraisal is that the desktop form leaves out actions that require an in-person inspection. A full appraisal requires detailed notes about a propertys condition often accompanied by photos.

What is the difference between 1004 and 1004C?

1004 - (URAR) Uniform Residential Appraisal Report - One Unit (Single Family) appraisal with an interior and exterior inspection. 1004C - Manufactured Home Appraisal Report - One Unit manufactured homes (mobile home) based on an interior and exterior property inspection.

What appraisal form is used for a manufactured home?

The appraiser must report the results of a manufactured home appraisal on the Manufactured Home Appraisal Report (Form 1004C).

1004c appraisal sample

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Is 1004MC still required?

Fannie Mae No Longer Requires Form 1004MC This information should be summarized in the Neighborhood section of our appraisal forms.

What are the three types of appraisal reports?

Appraisal reports that communicate either complete or limited appraisals may be presented in three formats: self-contained reports, summary reports, and restricted reports.

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