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Fannie Land form

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Joined
Mar 30, 2004
Professional Status
Certified Residential Appraiser
State
Arkansas
Does Fannie have an "approved" land only form?
If so, what is it called?

I use Wintotal, and in the New Fannie Mae Forms, they do not have a land only form listed, but they have one called "Land (Y2K) that we use. Never stopped to think if that is "fannie approved" or not, and have never been questioned on it.
 

Wendy

Senior Member
Joined
Feb 23, 2004
Professional Status
Certified Residential Appraiser
State
Florida
I've switched to using the Alamode GP land form. It's nicer than the old "Y2K" form.

Never have had anyone ask for a Fannie compliant land appraisal - I do not even know if Fannie loans on land. :shrug:
 

CANative

Elite Member
Joined
Jun 18, 2003
Professional Status
Retired Appraiser
State
California
Fannie and Freddie don't securitize loans made on undeveloped land. There are no Fannie/Freddie forms for this type of appraisal. Use whatever you want or whatever the client wants. It should not make any difference.
 
Joined
Mar 30, 2004
Professional Status
Certified Residential Appraiser
State
Arkansas
Thanks for the help.

Clients want us to use the GP form.
 
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