Fannie Mae Selling Guide B4-1.4-07 — Mixed-Use Property Appraisal Requirements

fnma-sel-b4-1-4-07

Fannie Mae Selling Guide B4-1.4-07 — Mixed-Use Property Appraisal Requirements.

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      paragraph_quote: 'B4-1.4-07, Mixed-Use Property Appraisal Requirements (06/04/2025) Introduction This topic contains information on special appraisal considerations for mixed-use properties, including: Overview Appraisal Requirements for Mixed-Use Properties Uniform Appraisal Dataset (UAD) 3.6 Policy Overview Fannie Mae purchases or securitizes mortgage loans secured by properties that have a business use in addition to their residential use provided that special eligibility criteria are met. These business uses can include, but are not limited to, properties with space set aside for day care facilities, beauty or barber shops, or doctor’s oﬃces. For eligibility criteria, see B2-3-04, Special Property Eligibility Considerations. Appraisal Requirements for Mixed-Use Properties The appraisal requirements for mixed-use properties must Published May 6, 2026 609 provide a detailed description of the mixed-use characteristics of the subject property; indicate that the mixed use of the property is a legal, permissible use of the property under the local zoning requirements; report any adverse impact on marketability and market resistance to the commercial use of the property; and report the market value of the property based on the residential characteristics, rather than of the business use or any special business-use modiﬁcations that were made. Uniform Appraisal Dataset (UAD) 3.6 Policy Lenders using UAD 3.6 must follow the requirements in the UAD 3.6 Policy Supplement. Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcements Issue Date Announcement SEL-2025-04 June 04, 2025'

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Fannie Mae Selling Guide B4-1.4-07 — Mixed-Use Property Appraisal Requirements

B4-1.4-07, Mixed-Use Property Appraisal Requirements (06/04/2025) Introduction This topic contains information on special appraisal considerations for mixed-use properties, including: Overview Appraisal Requirements for Mixed-Use Properties Uniform Appraisal Dataset (UAD) 3.6 Policy Overview Fannie Mae purchases or securitizes mortgage loans secured by properties that have a business use in addition to their residential use provided that special eligibility criteria are met. These business uses can include, but are not limited to, properties with space set aside for day care facilities, beauty or barber shops, or doctor’s oﬃces. For eligibility criteria, see B2-3-04, Special Property Eligibility Considerations. Appraisal Requirements for Mixed-Use Properties The appraisal requirements for mixed-use properties must Published May 6, 2026 609 provide a detailed description of the mixed-use characteristics of the subject property; indicate that the mixed use of the property is a legal, permissible use of the property under the local zoning requirements; report any adverse impact on marketability and market resistance to the commercial use of the property; and report the market value of the property based on the residential characteristics, rather than of the business use or any special business-use modiﬁcations that were made. Uniform Appraisal Dataset (UAD) 3.6 Policy Lenders using UAD 3.6 must follow the requirements in the UAD 3.6 Policy Supplement. Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcements Issue Date Announcement SEL-2025-04 June 04, 2025

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