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7 Φεβ 2024 · Single-Family Comparable Rent Schedule ( Form 1007) Required if the property is a one-unit investment property and the borrower is using rental income to qualify. Otherwise, Form 1007 is not required. (The lender may obtain this form for the purpose of reporting gross monthly rent at delivery.
- Single-Family Comparable Rent Schedule (Form 1007): PDF - Fannie Mae
Single-Family Comparable Rent Schedule. The lender uses this...
- Single-Family Comparable Rent Schedule (Form 1007): PDF - Fannie Mae
The 216 form is usually ordered in conjunction with the 1007 form. It is used to determine the operating income of the subject property. It takes the market rent minus operating expenses to determine the operating income.
Real estate appraisers and professionals rely on Form 1007 for accurate rent schedules, primarily for single-family homes as per Fannie Mae and Freddie Mac standards. This form plays a vital role in conducting market rent analyses that reflect the current market trends.
17 Οκτ 2024 · The 216 and 1007 appraisal form is a combined report that includes Form 216 (Operating Income Statement) and Form 1007 (Comparable Rent Schedule) for property appraisals.
Uniform Residential Appraisal Report. Hybrid and Desktop Appraisal Forms. Updated February 2022 (First published July 2020) © 2022 Fannie Mae and Freddie Mac. Goals for the addition of 1004 Hybrid/70H and 1004 Desktop/70D forms. Provide forms to support appraisal modernization testing activities.
Single-Family Comparable Rent Schedule. The lender uses this form to obtain the market rent for a conventional single-family investment property from the appraiser.
5 Νοε 2023 · The form 1007 is mainly used by: Property appraisers — They use the form 1007 to estimate potential rental income that a single-family home can bring in. Lenders — Lenders use the potential rental income estimate of form 1007 to calculate the debt-to-income ratio (DTI) or DSCR score.
