Freddie Mac Single-Family Seller/Servicer Guide 5604.1 — Appraisal report forms, PDRs and inspection types

Refer to Bulletin 2025-7, which announced the policy requirements for Uniform Appraisal Dataset (UAD) 3.6. Sellers may submit to the Uniform Collateral Data Portal® appraisal reports that use UAD 3.6 before the mandatory effective November 2, 2026 version of this section. This section contains: ■ Appraisal report forms and the PDR by property type and inspection/data collection type ■ Form 70D, Uniform Residential Appraisal Report (Desktop) ■ Form 70H, Uniform Residential Appraisal Report (Hybrid), and Form 465H, Individual Condominium Unit Appraisal Report (Hybrid) ■ ACE+ PDR upgrade requirements ■ Form 2055, Exterior-Only Inspection Residential Appraisal Report, and Form 466, ExteriorOnly Inspection Individual Condominium Unit Appraisal Report, upgrade requirements ■ Appraisal report review forms by property type and inspection type ■ Statement of Assumptions and Limiting Conditions and Appraiser’s Certification For each Mortgage transaction that requires an appraisal report or a PDR, the Mortgage file must contain an appraisal report or PDR that meets Freddie Mac’s requirements to evidence that the Mortgaged Premises is acceptable collateral. All appraisal reports and PDRs require a physical inspection of the property, which includes an on-site visual inspection, except for desktop appraisals. The Seller may provide an appraisal report that exceeds the minimum collateral assessment requirement indicated by the Last Feedback Certificate provided the eligibility requirements for the selected appraisal type are met.

(a) Appraisal report forms and the PDR by property type and inspection/data collection type Appraisals reported on the following forms must be completed using the UAD in accordance with Appendix D, UAD Field-Specific Standardization Requirements, of the Uniform Appraisal Dataset Specification (“UAD Specification”) when reporting an appraisal for a conventional Mortgage (see Section 5606.1): ■ Form 70, Uniform Residential Appraisal Report ■ Form 465, Individual Condominium Unit Appraisal Report ■ Form 70D ■ Form 70H ■ Form 2055 ■ Form 465H ■ Form 466 Note: Freddie Mac does not require the UAD to be used for appraisals reported on Form 70B or 72 or Fannie Mae Form 2090, Individual Cooperative Interest Appraisal Report. However, these forms may be completed using the standards contained in the UAD Specification to the extent those standards are applicable. The following tables identify the appraisal report form or PDR to use based on the inspection/data collection type: (i) Appraisal report forms by property type and inspection/data collection type Appraisal report forms by property type and inspection/data collection type Property type Inspection/data collection type Form name and reporting considerations 1-unit property, including: ■ In a Planned Unit Development (PUD) ■ With an ADU Excluding: ■ Manufactured Homes ■ Attached Condominium Units ■ Cooperative Share Loans Interior and exterior inspection Form 70: ■ May be used for a Detached Condominium Unit if the appraiser includes information about the project and its condition ■ May not be used for an appraisal of a Manufactured Home or an attached Condominium Unit On-site interior and exterior property data collection using the Uniform Property Dataset (UPD) Form 70H: ■ May be used for a Detached Condominium Unit if the appraiser includes information about the project and its condition ■ May not be used for an appraisal of a Manufactured Home or an attached Condominium Unit No physical inspection Form 70D Note: See (b) below for requirements for using Form 70D. Appraisal report forms by property type and inspection/data collection type Property type Inspection/data collection type Form name and reporting considerations Exterior-only inspection Form 2055: ■ May only be used for an appraisal update or a subsequent opinion of market value ■ May be used for a Detached Condominium Unit if the appraiser includes information about the project and its condition ■ The form may not be used for an appraisal of a Manufactured Home or a unit in an attached Condominium Project Note: See (d) below for the conditions when Form 2055 must be upgraded to Form 70. Condominium Unit, including: ■ Attached units ■ Detached units Interior and exterior inspection Form 465 On-site interior and exterior property data collection using the UPD Form 465H Exterior-only inspection Form 466 may only be used for an appraisal update or a subsequent opinion of market value. Note: See (d) below for the conditions when Form 466 must be upgraded to Form 465. Appraisal report forms by property type and inspection/data collection type Property type Inspection/data collection type Form name and reporting considerations Manufactured Home, including: ■ In a PUD ■ In a Condominium Project Interior and exterior inspection ■ Form 70B must be used for all Mortgages secured by a Manufactured Home, including a CHOICEHome® ■ When the Manufactured Home is located in a Condominium Project, the appraiser must inspect the project, complete the project information section of Form 465 and attach it as an addendum to Form 70B 2- to 4-unit property, including a 2- or 3-unit property with an ADU Interior and exterior inspection Form 72 When used for a 2- or 3-unit property with an ADU, the ADU is included as an additional unit Cooperative Share Loan, including: ■ Attached units ■ Detached units Interior and exterior inspection Fannie Mae Form 2090 Any, as required by the original appraisal report Interior and exterior inspection or exterior-only inspection Form 442 Note: See Section 5604.3 for information on appraisal updates and Section 5605.8 for information regarding completion reports. Any, as required by the original appraisal report Interior and exterior inspection or exterior-only inspection Form 400, Warranty of Completion of Construction or Repairs/Alterations Appraisal report forms by property type and inspection/data collection type Property type Inspection/data collection type Form name and reporting considerations Note: See Section 5605.8 for information regarding completion reports. (ii) PDRs forms by property type and data collection type PDR forms by property type and data collection type Property type Data collection type Form name and reporting considerations 1-unit property, excluding: ◼ Manufactured Homes ◼ Cooperative Share Loans On-site interior and exterior property data collection using the UPD This report is required when accepting an ACE+ PDR offer or to complete a hybrid appraisal report.

(b) Form 70D A desktop appraisal (Form 70D) is an appraisal assignment for which the scope of work does not include fieldwork by the appraiser. The appraiser relies on property tax records, multiple listing service information, past sales, prior appraisals and other data to complete the appraisal report. (i) Desktop appraisal requirements A Mortgage delivered with a desktop appraisal must: ■ Be an Accept Mortgage ■ Be secured by a 1-unit Primary Residence ■ Be a purchase transaction Mortgage ■ Have a maximum loan-to-value (LTV) ratio of 90%. Note: Mortgages originated with a desktop appraisal that have an LTV ratio higher than 90% (as calculated using the value obtained from the desktop appraisal) will be eligible for sale to Freddie Mac if the loan amount does not increase and all other eligibility requirements continue to be met, including the requirement that the LTV ratio calculated using the contract sales price is less than or equal to 90%. If the LTV ratio increases above 90% because of an increase in the loan amount, the appraisal report must be upgraded to an appraisal with an interior and exterior inspection (Form 70). ■ Be delivered with the ULDD Data Points described in the data delivery instructions in Section 6302.8(a) (ii) Mortgages that are ineligible for a desktop appraisal The following Mortgages are not eligible for a desktop appraisal: ■ CHOICERenovation® Mortgages ■ Community Land Trust Mortgages ■ Condominium Unit Mortgages ■ Construction to Permanent Mortgages ■ Cooperative Share Loans ■ GreenCHOICE Mortgages® ■ Mortgages secured by: ❑ A Manufactured Home ❑ Mixed-use property ❑ Property that is undergoing renovation or rehabilitation ❑ Property acquired in a Non-arm’s Length Transaction ❑ Property where the property owner at the time of sale (i.e., the property seller) is a lender or a government entity ❑ Property subject to resale restrictions, excluding age-based resale restrictions ■ Renovation Mortgages (iii) Form 70D upgrade requirements The appraisal report must be upgraded to Form 70 when one or more of the following conditions exists: ■ Third-party data sources do not provide sufficient information about both the interior and exterior physical characteristics of the subject property for the appraiser to develop a credible and adequately supported appraisal ■ There are significant discrepancies (e.g., room count, gross living area, size, condition) among available data sources that cannot be reconciled by the appraiser to develop a credible and adequately supported appraisal ■ The subject property is undergoing renovation or rehabilitation ■ Data sources used to develop the appraisal, including the sales contract, reflect the presence of physical deficiencies or adverse conditions that indicate the property has a condition rating of C5 or C6 or the quality rating is Q6. (Refer to Section 5605.5(a) for additional information related to property condition and quality of construction.)

(c) Forms 70H and 465H (i) Hybrid appraisal requirements If the Mortgage is submitted to Loan Product Advisor®, the Last Feedback Certificate must indicate the Mortgage is eligible for a hybrid appraisal report. Note: If the Last Feedback Certificate does not indicate the Mortgage is eligible for delivery with an appraisal reported on Form 70H or 465H, but the Mortgage is eligible for automated collateral evaluation (ACE), ACE+ PDR or a desktop appraisal, the Seller may deliver the Mortgage with a hybrid appraisal report. Each Mortgage must be delivered with the ULDD Data Points described in the data delivery instructions in Section 6302.8(a). Form 70H or 465H can be used for a hybrid appraisal report with a PDR. The appraiser may contact the property data collector to verify any information in the PDR and adjust that information, as necessary, to complete Form 70H or 465H. (Refer to Section 5603.6 for property data collector requirements and Section 5604.2 for PDR exhibit requirements.) The PDR must be retained in the Mortgage file and must be submitted to Freddie Mac through the Beyond ACE application programming interface (bACE API). When preparing a hybrid appraisal report, the appraiser must: ■ Analyze the information in the PDR and review the photographs ■ Identify the name of the property data collector in the body of the appraisal report ■ Report the effective date of the appraisal report as the date the appraiser developed the opinion of market value ■ Complete the Appraisal Assignment Type fields, located in the Additional Comments section of Form 70H or 465H according to the requirements in the table below: Appraisal assignment type Field label Required entry Appraisal Assignment Type Hybrid Subject Property Data Collection Type Physical Subject Property Data Collection Date YYYY-MM-DD Subject Property Data Workforce (e.g., select the applicable identifier to describe the data collector who completed the PDR) Appraiser AppraiserTrainee RealEstateAgent HomeInspector InsInspector (Insurance Inspector) Other (ii) Ineligible Mortgages The following Mortgages are not eligible for a hybrid appraisal report: ■ CHOICERenovation Mortgages ■ Construction to Permanent Mortgages ■ Cooperative Share Loans ■ GreenCHOICE Mortgages ■ Mortgages secured by: ❑ 2- to 4-unit properties ❑ Manufactured Homes, including CHOICEHomes ❑ Proposed construction (i.e., the construction has not started and the description of construction to be completed is based on plans and specifications and/or similar documentation) ■ Renovation Mortgages (iii)PDR upgrade to Form 70 or 465 requirements The appraiser must perform an interior and exterior inspection reported on Form 70 or 465 when one or more of the following conditions exists: ■ The PDR does not provide sufficient information about both the interior and exterior physical characteristics of the subject property for an appraiser to develop a credible and adequately supported appraisal report ■ There are significant discrepancies (e.g., room count, living area, size, condition) among available data sources, including the PDR, that cannot be reconciled by the appraiser to develop a credible and adequately supported appraisal report

(d) ACE+ PDR upgrade requirements The Seller must analyze the information in the PDR and review the photographs. The Seller’s review of the PDR may reveal that the subject property is not eligible for ACE+ PDR or has characteristics that require the Seller to upgrade to an appraisal report on Form 70, 70H, 465 or 465H or an appraisal report form applicable to the property type. Property characteristics or conditions that require a PDR to be upgraded to an appraisal include: ■ The building status is “Proposed” (not eligible for upgrade to a hybrid appraisal) ■ 0 bedrooms above grade and/or 0 bathrooms above grade ■ A measured finished area above grade of less than 400 square feet ■ Mixed use property (i.e., altered or modified specifically to support or facilitate a nonresidential or income-producing use)

(e) Form 2055 or 466 upgrade requirements An appraisal based on an exterior-only property inspection, reported on either Form 2055 or 466, must be upgraded to a Form 70 or 465, as applicable, when one or more of the following conditions exists: ■ Third-party data sources do not provide sufficient information about both the interior and exterior physical characteristics of the subject property for the appraiser to develop a credible and adequately supported appraisal ■ There are significant discrepancies (e.g., room count, gross living area, size, condition) among available data sources that cannot be reconciled by the appraiser to develop a credible and adequately supported appraisal ■ The appraiser is unable to view the property improvements from the street and/or an exterior-only inspection does not provide sufficient information to develop a credible and adequately supported appraisal ■ The subject property is new construction ■ The subject property is undergoing renovation or rehabilitation ■ Data sources used to develop the appraisal, including the sales contract, reflect the presence of physical deficiencies or adverse conditions that indicate the property has a condition rating of C5 or C6 or the quality rating is Q6. (Refer to Section 5605.5(a) for additional information related to property condition and quality of construction.) ■ The exterior-only inspection reveals apparent physical deficiencies or adverse property conditions

(f) Appraisal report review forms by property type and inspection type The following table lists the Freddie Mac appraisal review report forms and the applicable inspection types. Appraisal report review forms by property type and inspection type Property type Form number and title Type of inspection 1-unit property Form 1032, One-Unit Residential Appraisal Field Review Report Exterior-only inspection 1-unit property Form 1033, One-Unit Residential Appraisal Desk Review Report No inspection Appraisal report review forms by property type and inspection type Property type Form number and title Type of inspection 2- to 4-unit property Form 1072, Two- to Four-Unit Residential Appraisal Field Review Report Exterior-only inspection

(g) Statement of Assumptions and Limiting Conditions and Appraiser’s Certification Modifications or deletions to the Statement of Assumptions and Limiting Conditions or to the Appraiser’s Certification, which are incorporated into each appraisal report form and the PDR, are not permitted; however, additional certifications that do not constitute material alterations to the report, such as those required by law or those related to the appraiser’s membership in an appraisal organization, are permitted.

■ Appraisal reports and PDRs ■ Desktop Appraisal Reports ■ Hybrid Appraisal Reports ■ ACE+ PDR upgrade requirements ■ Exterior Appraisal Report use and upgrade requirements ■ Appraisal review report forms by property type and inspection type ■ Scope of work, Statement of Assumptions and Limiting Conditions and Appraiser’s Certification For each Mortgage transaction that requires an appraisal report or a PDR, the Mortgage file must contain an appraisal report or PDR that meets Freddie Mac’s requirements to evidence that the Mortgaged Premises is acceptable collateral. All appraisal reports (except for Desktop Appraisal Reports) and PDRs require a physical inspection of the property, which includes an on-site visual inspection. The Seller may provide an appraisal report that exceeds the minimum collateral assessment requirement indicated by the Last Feedback Certificate provided the eligibility requirements for the selected appraisal type are met.

(a) Appraisal reports and PDRs Appraisals must be reported on the Uniform Residential Appraisal Report (URAR), using the Uniform Appraisal Dataset (UAD) Specification (“UAD Specification”) in accordance with the URAR Reference Guide (Appendix F-1) when reporting an appraisal for a conventional Mortgage (see Section 5606.1). (i) Eligible appraisals The following table identifies the inspection description, the effective date and the eligible property types for each property valuation method: Property valuation method Inspection description Effective date of appraisal report Eligible property types Traditional Appraisal Report Interior and exterior onsite inspection of the subject property completed by the appraiser who signs the appraisal report The date of the onsite property inspection ■ 1-unit property, including: ❑ In a Planned Unit Development (PUD) ❑ With an ADU ■ Condominium Unit, including: ❑ Attached units ❑ Detached units ■ Manufactured Home, including in a: ❑ (PUD) ❑ Condominium Project ■ 2- to 4-unit property, including a 2- to 3-unit property with an ADU ■ Cooperative Unit, including ❑ Attached units ❑ Detached units Property valuation method Inspection description Effective date of appraisal report Eligible property types Hybrid Appraisal Report Uses a recent PDR in lieu of the appraiser performing an onsite inspection The date the appraiser develops the opinion of value ■ 1-unit property, including: ❑ PUD ❑ With an ADU ■ Condominium Unit, including: ❑ Attached units ❑ Detached units Desktop Appraisal Report Uses third party data sources, other than a recent PDR, in lieu of the appraiser performing an onsite inspection The date the appraiser develops the opinion of value ■ 1-unit property, including: ❑ PUD ❑ With an ADU Exterior Appraisal Report Onsite inspection of the exterior areas of the subject property from at least the street by the appraiser The date of the inspection ■ 1-unit property, including: ❑ PUD ❑ With an ADU ■ Condominium Unit, including: ❑ Attached units ❑ Detached units Note: An onsite inspection requires a person to be physically present at the property to collect information; viewing a property remotely using real-time video streaming technology (otherwise known as a virtual inspection) is not an onsite inspection. (ii) PDRs by data collection method and property type The following table identifies the property data collection description, the effective date and the eligible property types for each property data collection method: Property data collection method Property data collection description Effective date of PDR Eligible property types PDR1 An onsite interior and exterior property data collection using the UPD The date of the property data collection ■ 1-unit property, including: ❑ In a PUD ❑ With an ADU ■ Condominium Unit, including: ❑ Attached units ❑ Detached units 1A PDR must be delivered with the Mortgage when an ACE+ PDR offer is accepted and is required to complete a Hybrid Appraisal Report.

(b) Desktop Appraisal Reports A Desktop Appraisal Report is an appraisal assignment for which the scope of work does not include fieldwork by the appraiser. The appraiser relies on property tax records, multiple listing service information, past sales, prior appraisals and other data to complete the appraisal report. (i) Desktop Appraisal Report requirements A Mortgage delivered with a Desktop Appraisal Report must: ■ Be an Accept Mortgage ■ Be secured by a 1-unit Primary Residence with or without an ADU ■ Be a purchase transaction Mortgage ■ Have a maximum loan-to-value (LTV) ratio of 90%. Note: Mortgages originated with a Desktop Appraisal Report that have an LTV ratio higher than 90% (as calculated using the value obtained from the Desktop Appraisal Report) are eligible for sale to Freddie Mac if the loan amount does not increase and all other eligibility requirements continue to be met, including the requirement that the LTV ratio calculated using the contract sales price is less than or equal to 90%. If the LTV ratio increases above 90% because of an increase in the loan amount, the appraisal report must be upgraded to a Traditional Appraisal Report. ■ Be delivered with the ULDD Data Points described in the data delivery instructions in Section 6302.8(a) (ii) Mortgages that are ineligible for a desktop appraisal The following Mortgages are not eligible for delivery with a Desktop Appraisal Report: ■ CHOICERenovation® Mortgages ■ Community Land Trust Mortgages ■ Condominium Unit Mortgages ■ Construction to Permanent Mortgages ■ Cooperative Share Loans ■ GreenCHOICE Mortgages® ■ Mortgages secured by: ❑ A Manufactured Home ❑ Mixed-use property ❑ Property that is undergoing renovation or rehabilitation ❑ Property acquired in a Non-arm’s Length Transaction ❑ Property where the property owner at the time of sale (i.e., the property seller) is a lender or a government entity ❑ Property subject to resale restrictions, excluding age-based resale restrictions ■ Renovation Mortgages (iii) Desktop Appraisal Report upgrade requirements The Desktop Appraisal Report must be upgraded to a Traditional Appraisal Report when one or more of the following conditions exists: ■ Third-party data sources do not provide sufficient information about both the interior and exterior physical characteristics of the subject property for the appraiser to develop a credible and adequately supported appraisal ■ There are significant discrepancies (e.g., room count, gross living area, size, condition) among available data sources that cannot be reconciled by the appraiser to develop a credible and adequately supported appraisal ■ The subject property is undergoing renovation or rehabilitation ■ Data sources used to develop the appraisal, including the sales contract, reflect the presence of apparent defects, damages or deficiencies that indicate the property has a condition rating of C5 or C6 or the quality rating is Q6. (Refer to Section 5605.5(a) for additional information related to property condition and quality of construction.)

(c) Hybrid Appraisal Reports (i) Hybrid Appraisal Report requirements If the Mortgage is submitted to Loan Product Advisor®, the Last Feedback Certificate must indicate the Mortgage is eligible for a Hybrid Appraisal Report. Note: If the Last Feedback Certificate does not indicate the Mortgage is eligible for delivery with a Hybrid Appraisal Report, but the Mortgage is eligible for automated collateral evaluation (ACE), ACE+ PDR or a Desktop Appraisal Report, the Seller may deliver the Mortgage with a Hybrid Appraisal Report. Each Mortgage must be delivered with the ULDD Data Points described in the data delivery instructions in Section 6302.8(a). A Hybrid Appraisal Report is completed using a PDR. The lender must ensure that the appraiser has the ability to contact the property data collector if the appraiser needs to verify any information in the PDR to develop a credible and accurately supported Hybrid Appraisal Report. (Refer to Section 5603.6 for property data collector requirements and Section 5604.2 for PDR exhibit requirements.) The PDR must be retained in the Mortgage file and must be submitted to Freddie Mac through the Beyond ACE application programming interface (bACE API) prior to delivery of the Mortgage. A Hybrid Appraisal Report must: ■ Be consistent with the information in the PDR, unless there is commentary addressing any discrepancies ■ Report the effective date of the appraisal report as the date the opinion of market value was developed (ii) Ineligible Mortgages The following Mortgages are not eligible for delivery with a Hybrid Appraisal Report: ■ CHOICERenovation Mortgages ■ Construction to Permanent Mortgages ■ Cooperative Share Loans ■ GreenCHOICE Mortgages ■ Mortgages secured by: ❑ 2- to 4-unit properties ❑ Manufactured Homes, including CHOICEHomes ❑ Proposed construction (i.e., the construction has not started and the description of construction to be completed is based on plans and specifications and/or similar documentation) ■ Renovation Mortgages (iii)Hybrid Appraisal Report upgrade requirements The Hybrid Appraisal Report must be upgraded to a Traditional Appraisal Report when one or more of the following conditions exists: ■ The PDR does not provide sufficient information about either the interior or exterior physical characteristics of the subject property for an appraiser to develop a credible and adequately supported appraisal ■ There are significant discrepancies (e.g., room count, living area, size, condition) among available data sources, including the PDR, that cannot be reconciled by the appraiser to develop a credible and adequately supported appraisal

(d) ACE+ PDR upgrade requirements The Seller must analyze the information in the PDR and review the photographs. The Seller’s review of the PDR may reveal that the subject property is not eligible for ACE+ PDR or has characteristics that require the Seller to upgrade to a Traditional Appraisal Report or Hybrid Appraisal Report as applicable to the property type. Property characteristics or conditions that require a PDR to be upgraded to an appraisal report include: ■ The building status is “Proposed” (not eligible for upgrade to a Hybrid Appraisal Report) ■ 0 bedrooms above grade and/or 0 bathrooms above grade ■ A measured finished area above grade of less than 400 square feet ■ Mixed use property (i.e., altered or modified specifically to support or facilitate a nonresidential or income-producing use)

(e) Exterior Appraisal Report use and upgrade requirements (i) Exterior Appraisal Report use An Exterior Appraisal Report may be used only for an appraisal update or a subsequent opinion of market value. (ii) Exterior Appraisal Report upgrade requirements An Exterior Appraisal Report must be upgraded to a Traditional Appraisal Report when one or more of the following conditions exists: ■ Third-party data sources do not provide sufficient information about either the interior or exterior physical characteristics of the subject property for the appraiser to develop a credible and adequately supported appraisal ■ There are significant discrepancies (e.g., room count, gross living area, size, condition) among available data sources that cannot be reconciled by the appraiser to develop a credible and adequately supported appraisal ■ The property improvements are unable to be viewed from the street and/or an exterior inspection does not provide sufficient information to develop a credible and adequately supported appraisal ■ The subject property is new construction ■ The subject property is undergoing renovation or rehabilitation ■ The data sources used to develop the appraisal, including the sales contract, reflect the presence of physical deficiencies or adverse conditions that indicate the property has an overall condition rating of C5 or C6 or the overall quality rating is Q6. (Refer to Section 5605.5(a) for additional information related to property condition and quality of construction.) ■ The exterior inspection reveals apparent defects, damages or deficiencies

(f) Appraisal review report forms by property type and inspection type The following table identifies the inspection description, the effective date and the eligible property types for each appraisal review report form: Appraisal review report form number and title Inspection description Effective date of appraisal review report Eligible property types Form 1032, OneUnit Residential Appraisal Field Review Report A review of the original appraisal and an onsite inspection of the exterior areas of the subject property from at least the street by the appraiser The effective date of the original appraisal report that is under review ■ 1-unit property, including: ❑ In a PUD ❑ With an ADU ■ Condominium Unit, including: ❑ Attached units ❑ Detached units ■ Manufactured Home, including in a: ❑ PUD ❑ Condominium Project ■ Cooperative Unit, including: ❑ Attached units ❑ Detached units Appraisal review report form number and title Inspection description Effective date of appraisal review report Eligible property types Form 1033, OneUnit Residential Appraisal Desk Review Report A review of the original appraisal with no inspection required The effective date of the original appraisal report that is under review ■ 1-unit property, including: ❑ In a PUD ❑ With an ADU ■ Condominium Unit, including: ❑ Attached units ❑ Detached units ■ Manufactured Home, including in a: ❑ PUD ❑ Condominium Project ■ Cooperative Unit, including ❑ Attached units ❑ Detached units Appraisal review report form number and title Inspection description Effective date of appraisal review report Eligible property types Form 1072, Two- to Four-Unit Residential Appraisal Field Review Report A review of the original appraisal report and an onsite inspection by the appraiser of the exterior of the subject property from at least the street The effective date of the original appraisal report that is under review ■ 2- to 4-unit property, including a 2- to 3- unit property with an ADU ■ Condominium Unit, including: ❑ Attached units ❑ Detached units ■ Manufactured Home, including in a: ❑ PUD ❑ Condominium Project ■ Cooperative Unit, including: ❑ Attached units ❑ Detached units

(g) Scope of work, Statement of Assumptions and Limiting Conditions and Appraiser’s Certification Seller must ensure the appraisal report includes the appropriate scope of work description, Statement of Assumptions and Limiting Conditions and Appraiser’s Certification. Modifications or deletions to the Statement of Assumptions and Limiting Conditions or to the Appraiser’s Certification, which are incorporated into each appraisal report and the PDR, are not permitted; however, additional certifications that do not constitute material alterations, such as those required by law or those related to the appraiser’s membership in an appraisal organization, are permitted.