Freddie Mac 70B / Fannie Mae 1004C 2005-2025 free printable template
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Manufactured Home Appraisal Report File # S U B J E C T The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market
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How to fill out 1004c form
How to fill out Freddie Mac 70B / Fannie Mae 1004C
01
Obtain the Freddie Mac 70B or Fannie Mae 1004C form from the official website or your lender.
02
Fill in the borrower's name and address at the top of the form.
03
Provide details of the location, property type, and legal description in the designated sections.
04
Indicate the purpose of the appraisal, such as purchase, refinance, or loan modification.
05
Complete the information about the subject property, including the number of units, year built, square footage, and amenities.
06
Include details about the neighborhood and market conditions in the appraisal section.
07
Report the condition of the property and any repairs needed or improvements made.
08
Fill out the income approach, cost approach, and sales comparison approach as applicable.
09
Verify that the valuation conforms to local regulations and market norms.
10
Sign and date the form before submitting it to the lender or relevant authority.
Who needs Freddie Mac 70B / Fannie Mae 1004C?
01
Homebuyers seeking financing for a property purchase.
02
Homeowners refinancing their existing mortgage.
03
Real estate appraisers performing property valuations.
04
Lenders and financial institutions assessing property value for loans.
05
Investors evaluating property for investment opportunities.
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People Also Ask about manufactured home appraisal sample
What does a 1025 appraisal include?
This report form is designed to report an appraisal of a two- to four-unit property, including a two- to four-unit property in a planned unit development (PUD).
What is a 70B appraisal form?
Manufactured Home Appraisal Report Form 70B is designed to report the results of an appraisal of a 1-unit Manufactured Home, including a Manufactured Home in a Planned Unit Development (PUD).
What is a 1004C appraisal form?
The Manufactured Home Appraisal Report (Fannie Mae Form 1004C/Freddie Mac Form 70B) is a stand- alone appraisal report form designed exclusively to report an appraisal of a 1-unit manufactured home, based on an interior and exterior inspection of the subject property.
What is the difference between form 1073 and 1004?
For a detached unit in a condo project that includes a mixture of both attached units and detached units, the condo appraisal form Form 1073 must be used even when the subject unit is a detached unit. The appraiser may only use Form 1004 for a detached condo unit when the project consists solely of detached units.
What is the most commonly used land appraisal report form?
The Uniform Residential Appraisal Report (URAR) is widely considered to be one of the most common forms used in real estate appraisal. The form, which allows for standard reporting and analysis of single family dwellings, applies to a one-unit property or one-unit property with an accessory unit.
What is an appraisal form 1073?
Form 1073 is the second most commonly used property appraisal form for residential properties. This form is used for appraising condominiums. Essentially, it is the same form as Form 1004 and also serves the same purpose.
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What is Freddie Mac 70B / Fannie Mae 1004C?
Freddie Mac 70B and Fannie Mae 1004C are standardized appraisal forms used to assess the value of a manufactured home.
Who is required to file Freddie Mac 70B / Fannie Mae 1004C?
Lenders and appraisers involved in the financing of manufactured homes are required to file these forms to ensure proper valuation.
How to fill out Freddie Mac 70B / Fannie Mae 1004C?
To fill out the form, appraisers must provide specifics about the property, including its condition, features, and comparable sales data.
What is the purpose of Freddie Mac 70B / Fannie Mae 1004C?
The purpose of these forms is to provide a consistent methodology for appraising manufactured homes, ensuring fair market value assessments.
What information must be reported on Freddie Mac 70B / Fannie Mae 1004C?
Essential information includes property details, site characteristics, improvements, and comparable sales data that support the appraised value.
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