Appraisers must use Fannie Mae Form 1004 (Desktop) to complete desktop appraisals. Note that this is a different form from the traditional forms used (with a modified set of instructions, scope of work, statement of assumptions and limiting conditions, and certification) for appraisals using the COVID-19 Temporary Flexibilities, which have since expired.

See the URAR Hybrid and Desktop Appraisal Forms — Overview for a line-by-line comparison of the differences between Forms 1004 and 1004 (Desktop).

Yes, provided the appraiser verifies the information through a disinterested source, such as aerial maps, assessor data, or virtual inspection technologies.

A floor plan shows interior walls to help assess the functional utility of the home; a sketch typically displays only exterior dimensions.

Third-party software is available to create a floor plan using existing mobile device technology.

Yes, if it is accurate and representative of the current state of the property.

Photos can be verified using MLS listings or with a live, virtual walkthrough with the homeowner. Photos that are taken during a live walkthrough with the homeowner are considered appraiser observation during a live event and do not require further verification.

If the appraiser does not have information to create a credible report, they should take the necessary steps to verify or obtain the information necessary for a credible report.

Desktop Underwriter® (DU®) will indicate when a loan casefile is eligible for a desktop appraisal. Ordering a desktop appraisal is optional; lenders can always opt to order a traditional appraisal if the borrower wants one or for other reasons.