Selling Guide

Published June 3, 2020

The Selling Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Selling Guide in PDF format.

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What forms can be used to complete an exterior-only appraisal during the pandemic?

Note: This FAQ comes from the published COVID-19, FAQs on Appraisals

What form should be used for an exterior-only inspection appraisal obtained in accordance with the temporary COVID-19 flexibilities announced in Lender Letter LL-2020-04?

As noted in LL-2020-04, the following Forms can be used to complete an exterior-only appraisal:

  • Exterior-Only Inspection Residential Appraisal Report (Form 2055)
  • Exterior-Only Inspection Individual Condominium Unit Appraisal Report (Form 1075)
  • Exterior Only Individual Cooperative Interest Appraisal Report (Form 2095)
  • Small Residential Income Property Appraisal Report (Form 1025)
  • Manufactured Home Appraisal Report (Form 1004C) 

Other exterior-only or drive-by appraisal forms are not allowed for a Fannie Mae-eligible mortgage.

For more information, refer to the published Lender Letter LL-2020-04, Impact of COVID-19 on Appraisals.

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