Conventional Loan Appraisal Requirements 2025. Government mortgage programs have specific requirements for appraisals that may differ from the standard type of appraisal used in conventional mortgage loans. In order to get a conventional loan, you need to meet basic lending requirements set by fannie mae, freddie mac, and your individual lender.
A conventional loan appraisal will receive a rating between c1 through c6. For most loans, fannie mae requires that the lender obtain a signed and complete appraisal report that accurately reflects the market value, condition, and marketability of the property.
Structural Integrity Of The Property.
A lender can help summarize your monthly payments, determine the overall interest you’ll pay and compare other pros and cons of each loan type.
For Fha Loans, Homes Must Adhere To Minimum Property Requirements (Mprs) Set By The Department Of Housing And Urban Development, Or Hud.
In order to get a conventional loan, you need to meet basic lending requirements set by fannie mae, freddie mac, and your individual lender.
