Our fee schedule is shown below. These are standard fees for commonly used appraisal products. Fees may be higher than those shown for special or unique appraisal assignments or property types. We notify the client in advance of the delivery of the appraisal if the fee is higher than shown in this table.

• Form                                                                                                    Fee ($)
• Single Family (Fannie Mae 1004/Freddie Mac 70)                                           350
• Individual Condominium Unit (Fannie Mae 1073/Freddie Mac 465)                   350
• Small Residential Income Property (Fannie Mae 1025/Freddie Mac 72)             600
• Desktop Underwriter 2055 (Exterior only)                                                     200
• Desktop Underwriter 2055 (Interior and Exterior)                                          325
• Desktop Underwriter 2065 (Exterior only)                                                     175    
• Desktop Underwriter 2075 (Exterior only)                                                       75
• Land Appraisal (FW Land Appraisal Form)                                                      200
• FHA (URAR with HUD-required pages and inspections)                                    375
• VA (URAR, assigned by VA) (Condos are $50 additional)                                350
• All repair inspections and final inspections                                                       75

Fannie, Freddie will require newly redesigned URAR, 2055 and other appraisal forms starting November 1

Starting November 1, 2005, Fannie Mae and Freddie Mac will require newly redesigned appraisal forms for their loans. Since as you know most lenders use Fannie's forms in all cases, not just loans they're selling to Fannie Mae, you'll be seeing a lot of these new forms.

Some lenders have applied for an extension from Fannie Mae that will allow them to accept the old versions of the forms past November 1. Fannie and Freddie have been allowing the new forms to be used in lieu of the old for some time on a voluntary basis. But starting November 1, the URAR, 2055 and other forms you're used to will begin to go away for good, replaced by new versions.

*** There is an exception to this. For appraisals completed for the FHA, appraisers are forbidden from using the new forms until January 1, 2006. Be advised that between November 1 and January 1 it may be the case that you will need to order and collect two different forms, for example the "old" URAR in addition to the "new" on a property where the loan will be guaranteed by the FHA. ***

We're ready to use the new URAR, 2055 and other redesigned forms (11 in all), whenever you need them. We hope you consider us your valuation/appraisal experts, and we know that you expect us to get you the reports you need, on the forms required by your company and its secondary mortgage market partners.