Hybrid Appraisals

A hybrid appraisal reported on the FNMA Uniform Residential Appraisal Report (Hybrid) (Form 1004 Hybrid) is permitted for Homium loans. The minimum scope of work for Form 1004 Hybrid includes consideration by the appraiser of interior and exterior property data collection by a trained and vetted third party (such as a real estate agent, insurance inspector, appraiser, etc.). The appraiser relies on the data collected (and other sources if needed) to identify property characteristics including condition. The property data collection must comply with Fannie Mae's property data standard.