Property Valuation
What is a 'Uniform Residential Appraisal Report' (URAR) used for in Delaware?
AA state-specific Delaware appraisal form required for all residential sales
BFannie Mae Form 1004 — the standard appraisal form for single-family residential properties used for most conventional and FHA loan transactions✓ Correct
CA form used for appraising uniform residential subdivisions
DA HUD form required for all government-insured residential sales
Explanation
The URAR (Fannie Mae Form 1004) is the standard form appraisal report for single-family (1-4 unit) residential properties, required by Fannie Mae, Freddie Mac, and most institutional lenders for conventional and FHA mortgage loans.
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