Appraisal Report Types and Uses

Select the correct report type to avoid unnecessary delays and costs due to incorrectly ordered appraisal reports.
Report Name: Order this report when: Tips to avoid unnecessary delays:
1004 URAR 1 Unit With Cost Approach Property is owner occupied, or used as a second or vacation home, home is single family If a purchase, upload the purchase contract. If there is a contingency date, note the date on the order. Note several methods of contacting the property access point person. If an investor requires the use of a specific Appraisal Management Company, you MUST note this to ensure the order is routed properly.
1004 FHA URAR Loan is FHA. Property is owner occupied, home is single family, or used as a second or vacation home Include the FHA Case # on the order. If a purchase, upload the purchase contract. If there is a contingency date, note the date on the order. Note several methods of contacting the property access point person. If an investor requires the use of a specific Appraisal Management Company, you MUST note this to ensure the order is routed properly.
Single Family Investment (1004, 1007) Property is a non-owner occupied investment property. Rent schedules (forms 1007 will be included) If there is a tenant in the property, advise the borrower to inform the tenant that an appraiser will need access to the home. If a purchase, upload the purchase contract. If there is a contingency date, note the date on the order. Note several methods of contacting the property access point person. If an investor requires the use of a specific Appraisal Management Company, you MUST note this to ensure the order is routed properly.
1004C Manufactured Home Property type is Manufactured Home If a purchase, upload the purchase contract. If there is a contingency date, note the date on the order. Note several methods of contacting the property access point person. If an investor requires the use of a specific Appraisal Management Company, you MUST note this to ensure the order is routed properly.
FHA 1004C Manufactured Home Property type is Manufactured Home, Loan type is FHA Include FHA case #. If a purchase, upload the purchase contract. If there is a contingency date, note the date on the order. Note several methods of contacting the property access point person. If an investor requires the use of a specific Appraisal Management Company, you MUST note this to ensure the order is routed properly.
1025 2-4 Family W/ Cost Approach
Includes Rent Schedule, however occasionally client will also request Form 216 (rare).
Home is a multi-unit property (2-4 Units) If there is a tenant in the property, advise the borrower to inform the tenant that an appraiser will need access to the home. If a purchase, upload the purchase contract. If there is a contingency date, note the date on the order. Note several methods of contacting the property access point person. If an investor requires the use of a specific Appraisal Management Company, you MUST note this to ensure the order is routed properly.
FHA 1025 2-4 Family W/ Cost Approach
Includes Rent Schedule, however occasionally client will also request Form 216 (rare).
Loan is FHA. Home is a multi-unit property (2-4 Units) Include the FHA case #. If there is a tenant in the property, advise the borrower to inform the tenant that an appraiser will need access to the home. If a purchase, upload the purchase contract. . If there is a contingency date, note the date on the order. Note several methods of contacting the property access point person. If an investor requires the use of a specific Appraisal Management Company, you MUST note this to ensure the order is routed properly.
1004D Update/Final Inspection Property is ready for final inspection or when requesting a re-cert of value If ordering a final inspection, note what needs to be inspected. Note several methods of contacting the property access point person. If ordering a re-cert of value, upload the appraisal you need to have re-certified.
1073 Condo Home is owner occupied, or a second/vacation home and a Condo If you have the HOA cert, upload it. If a purchase, upload the purchase contract. If there is a contingency date, note the date on the order. Note several methods of contacting the property access point person. If an investor requires the use of a specific Appraisal Management Company, you MUST note this to ensure the order is routed properly.
1073 FHA Condo Loan is FHA. Home is owner occupied, and a Condo Include the FHA case #. If you have the HOA cert, upload it. If a purchase, upload the purchase contract. If there is a contingency date, note the date on the order. Note several methods of contacting the property access point person. If an investor requires the use of a specific Appraisal Management Company, you MUST note this to ensure the order is routed properly.
DAIR Disaster Area Inspection Report After a natural disaster occurs, most lenders will require either a DAIR or 1004D

Typically, only exterior observations of a property and its surrounding neighborhood are required. If damage is noted, or if FHA or Jumbo, then an interior/exterior inspection is typically required. Please check with the lender for specific requirements and timing and enter notes on the order. Often, the inspection MUST be after FEMA declares an “incident end” date.