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This form is used by lenders to obtain the market rent for a conventional single-family investment property from the appraiser. It contains information on the physical structure, location, and lease terms of the property.
Learn how to use Form 1007, the single-family rent schedule form for Fannie Mae and Freddie Mac, with a fictional example. Find out how to compare the subject property with rental comparables and make adjustments for market rent analysis.
Moody Williams provides Form 1007 appraisals for single-family rental properties in Jacksonville and North Florida. Form 1007 helps estimate market rent by comparing the subject property with three comparable rentals based on various criteria.
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.
5 Νοε 2023 · Form 1007 is a document that compares a single-family home with similar properties to estimate its rental value or potential. Learn who uses it, what it is used for, and how it affects mortgage loans and DSCR scores.
17 Οκτ 2024 · Form 1007 is a document that collects rental data for property appraisal purposes. It helps appraisers estimate fair market rent and property value based on income potential and market comparison.
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