What is the Fannie Mae form number for the full appraisal of a single unit property?

The Fannie Mae form number for the full appraisal of a single unit property is 1004. This form is specifically designed for appraisers to assess the value of residential properties, providing a comprehensive analysis of the subject property's characteristics, neighborhood, and comparable sales.

Form 1004 ensures that appraisals meet Fannie Mae’s standards and guidelines for underwriting loans backed by Fannie Mae, making it an essential document in the mortgage lending process. Each section of this form addresses critical factors, including the property's condition, location, and market trends, which are pivotal for establishing a credible appraisal value.

Other forms mentioned serve different purposes: for example, form 1003 is related to the Uniform Residential Loan Application, not appraisal; form 1005 is used for the appraisal of a one-unit property involving a manufactured home; and form 1025 is utilized for two to four-unit properties. Understanding the specific use of these forms helps mortgage professionals accurately navigate the appraisal process and ensure compliance with lender requirements.