Traditional Appraisal Products

Condition and Marketability Report FHLMC 2070

Summary appraisal report that conforms to USPAP requirements

Reports general condition of the subject property and marketability factors

Reports current market conditions of the neighborhood

Option for upgrade path as adverse factors are observed

No estimate of market value

Property Inspection Report FNMA 2075

Exterior inspection of the subject property from the street

Report consists of limited subject property and marketability factors

No estimate of market value

Exterior Only Inspection Residential Appraisal Report FNMA 2055

Summary appraisal report documentation but includes extensive property information

Provides quantitative adjustments to comparable sales

Estimates a specific value

Increase efficiency and reduce costs

Detailed comparable grid includes all important components for adjustment

Uniform Residential Appraisal Report (URAR) FNMA 1004

Most comprehensive collateral assessment product offered by Jungroth Appraisal

Considers market value trends, supply and demand and marketing times

Provides indicated value by cost approach

Provides a sales comparison analysis grid with indicated value by sales comparison approach

Detailed comparable grid includes fence, pool, porch, patio, deck, garage/carport, heating/cooling and functional utility

Quantitative adjustments to comparable sales

Estimates a specific market value

Field Review Report FNMA 2000

Used to determine the completeness and accuracy of the data in an appraisal report

Verifies accuracy of market value as of the effective date of original report

Includes comprehensive analysis to determine the completeness and accuracy of all appraisal components

Provides additional comparable sales if the sales utilized in the original report were not comparable to subject

Provides a market supported estimated of value, if the original value was considered not reasonable

Includes a signed Appraiser's Certification

Multi-Family Appraisal FNMA 1025

Small residential income property appraisal report for two- to four-family residences

Provides neighborhood, site and improvement descriptions

Provides general description of subject's exterior, foundation, basement and insulation

Notes condition of improvements, depreciation, repairs needed and quality of construction

Multi-Family Field Review Report FNMA 2000A

Used to determine the completeness and accuracy of the data in an appraisal report of Small Residential Income Property (1025)

Verifies accuracy of market value as of the effective date of original report

Includes comprehensive analysis to determine the completeness and accuracy of all appraisal components

Provides additional comparable sales if the sales utilized in the original report were not comparable to subject

Provides a market supported estimated of value, if the original value was considered not reasonable

Includes a signed Appraiser's Certification

Manufactured Home Appraisal Report FNMA 1004C

New appraisal form that replaces prior addendum appended to 1004 or 1073

Complete analysis that includes Cost Approach and Sales Comparison Approach

Specific HUD code identification

Co-op Appraisal FNMA 2090

Provides blanket mortgage information, which is in effect for the co-operative project as a whole to determine potential risks for the loan

Considers market value trends, supply and demand and marketing time

Room count and actual square footage by GLA

Notes condition of improvements, depreciation, repairs needed and quality of construction

Project and phase information includes number of units, number of units for sale and number of units currently rented which allows assessment for any location risk within the complex

Exterior Co-op Appraisal FNMA 2095

Provides blanket mortgage information, which is in effect for the co-operative project as a whole to determine potential risks for the loan

Considers market value trends, supply and demand and marketing time

Room count and actual square footage by GLA

Notes condition of improvements, depreciation, repairs needed and quality of construction

Project and phase information includes number of units, number of units for sale and number of units currently rented which allows assessment for any location risk within the complex

Condo Appraisal FNMA 1073

Considers market value trends, supply and demand and marketing times

Room count and actual square footage by GLA

Notes condition of improvements, depreciation, repairs needed and quality of construction

Project and phase information includes number of units, number of units for sale and number of units currently rented which allows assessment for any location risk within the complex

Exterior Condo Appraisal FNMA 1075

Considers market value trends, supply and demand, and marketing time

Room count and actual square footage for GLA

Notes condition of improvements, depreciation, repairs needed and quality of construction

Project and phase information includes number of units, number of units for sale and number of units currently rented which allows assessment for any location risk within the complex

FHA Appraisal

FHA appraisal provided in a uniform format for reporting neighborhood, site and improvement descriptions

URAR, Multi-Family or Duplex may apply

Includes a HUD/FHA Valuation Condition Sheet and HUD/FHA Home Buyers Summary listing detailed condition of property and required improvements prior to loan closing

Considers market value trends, supply and demand and marketing times

Provides a sales comparison analysis grid with indicated value by sales comparison approach

Quantitative adjustments to comparable sales

Estimates a specific market value

Supplemental REO Appraisal Addendum

Jungroth Appraisal's comprehensive valuation program for residential real properties throughout the various stages of foreclosure and asset disposition process

Supplemental REO appraisal addendum included with standard URAR 1004 Form

Provides general description of subject's exterior, foundation, basement and insulation

Notes condition of improvements, depreciation(physical function and external), repairs needed and quality of construction

Identifies competing listings and market trends

Provides "as is" and "as repaired" values for normal marketing times

Provides "as is" and "as repaired" values given client-imposed marketing time

Land Only Appraisal

Estimates the market value of unimproved sales suitable for residential development

Includes a signed Appraiser's Certification

Plans/Specs Appraisal

Used for new construction to review plans and specifications to determine estimated market value

Provides general description of subject's exterior, foundation, basement and insulation

Calculates room count and actual square footage for GLA

Notes condition of improvements, depreciation, repairs needed and quality of construction

Provides sales comparison analysis grid with indicated value by sales comparison approach

Appraisal Update and/or Completion Report FNMA 1004D

Update to a previous appraisal that was prepared subject to completion of repairs or incomplete items

Notes items completed or still need to be completed since time of original appraisal

Same appraiser performs reinsertion who completed original appraisal report