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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.
Fannie Mae (FNMA) single-family rent schedules (Form 1007) are typically requested by lenders when financing single-family rental homes and non-owner-occupied properties. The information is used to estimate the market rent by the appraiser.
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.
Real estate appraisals can be done in various ways, from forms to written narrative reports to verbal communication of a value. There are many appraisal forms because each serves a specific purpose. The following is a list of the different types of appraisal forms that appraisers typically use. The following forms are the real estate appraisal ...
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.
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Download Fillable Form 1007 In Pdf - The Latest Version Applicable For 2024. Fill Out The Square Foot Appraisal Form Online And Print It Out For Free.
