WebMay 11, 2024 · The Operating Income Statement (Fannie Mae Form 216) is NOT required, regardless of the type of property. However, since the lender must report the gross monthly rent at delivery, lenders have the option of obtaining an Operating Income Statement (Fannie Mae Form 216) to meet this requirement. What is a 216 appraisal? – … WebThe introductory statement on the Replacement Reserve Schedule of the Fannie Mae/Freddy Mac Form 216/998 Operating Income Statement specifies that adequate …
B4-1.2-01, Appraisal Report Forms and Exhibits …
WebAug 15, 2024 · Form 216 (Operating Income Statement) The Operating Income Statement is used to estimate the operating income associated with an income producing property. It can be ordered on both single family and multifamily appraisals. What is a Form 1025 appraisal? Why do appraisers use the Urar? WebReport form FNMA 1025/FHLMC 72 with optional FNMA 216/FHLMC 998 Operating Income Statement is generally utilized for the appraisal of small (1-4 unit) residential style income generating property. This format allows the appraiser to convey income factors that are realized as an investment property for the income analysis required. list of blue water ships vietnam
Get Freddie Mac 998 / Fannie Mae 216 1988-2024 - US Legal Forms
WebThe Single-Family Residential Appraisal, Non-Owner Occupied Report 1004, with 216 and 1007 is used to estimate the market value of a property as defined in Uniform Standard of Professional Appraisal Practice (USPAP). It provides the benefit of a … WebMonthly Operating Income Monthly Housing Expense Net Cash Flow (Note: Monthly Housing Expense includes principal and interest on the mortgage, hazard … WebApr 29, 2024 · Operating Income Statement (216) Form 216 is used on 1-4 income investment properties and 2-4 family owner-occupied properties. Description: Applicant … list of blue states map