Which Fannie Mae form is utilized for single family dwellings?

The Fannie Mae Form 1004 is specifically designed for appraisals of single-family dwellings. This form is widely recognized as the basis for reporting property values and conditions for conventional loans in the mortgage industry. It provides comprehensive details required for appraisals, including property characteristics, comparable sales, and other relevant analysis to assess the value of the single-family property correctly.

This form is the standard that lenders rely on to ensure consistent appraisal reporting, which is crucial for underwriting and risk assessment. The use of Form 1004 is prevalent among mortgage loan originators when working with single-family residential properties, making it essential knowledge for those in the mortgage field.

Other forms listed serve different purposes or pertain to different property types. For instance, Fannie Mae Form 1025 is used for two- to four-unit residential properties, Fannie Mae Form 1073 is intended for the appraisal of condos, and Fannie Mae Form 1004C is used for manufactured homes. Each form addresses specific needs based on property characteristics, thus further emphasizing why Form 1004 is the appropriate choice for single-family dwellings.