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Are YOU using the NEW appraisal forms?

LENDERS! Effective November 1, 2005, Fannie Mae requires you, and us, to use the newly redesigned appraisal forms for their loans. It's been more than ten years since Fannie Mae revamped its appraisal forms and there are some MAJOR changes.   Click HERE for more information.

Fee Schedule / Report Types Effective 11/1/2005

Assignment Type / Click For Sample

Form Type

Visual Inspection

Place Order

Mclean County Fees*

Cost Approach

Interior One Unit Residential

1004 (3/05)

Interior / Exterior

$300

If Applicable

Exterior One Unit Residential

2055 (3/05)

Exterior Only

$300

If Applicable

One Unit Residential (Income Producing)

URAR and Comp. Rent Schedule

Interior

$400

If Applicable

2-4 Unit Residential Income Report

1025 (3/05)

Interior

$550

If Applicable

Interior - Individual Condominium

1073 (3/05)

Interior

$300

If Applicable

Exterior - Individual Condominium

1075 (3/05)

Exterior

$300

If Applicable

Property Inspection Report

2075 / 2070

On Site

$100

N/A

Appraisal Update and/or Completion

1004D (3/05)

Interior or Exterior

$125

N/A

One Unit Appraisal Field Review

2000 (3/05)

Exterior

$300

N/A

2 - 4 Unit Appraisal Field Review

2000A (3/05)

Exterior

$325

N/A

ERC - Employee Relocation Appraisal

ERC

Interior

$550

N/A

Vacant Land

Land

On Site

$225

N/A

* ALL fees are based on the most current forms.  Other non-lender report formats are available.

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