Appraisals
Our Philosophy
We review appraisals to determine whether the reports meet our requirements and that the opinion of market value is adequately supported. The Freddie Mac Multifamily Seller/Servicer Guide (Guide) is an excellent resource for Optigo® lenders and appraisers alike — become familiar with the requirements set forth in Chapter 60.
Underwriting Appraisal Checklist
Freddie Mac underwriters complete a compliance checklist for the initial appraisals submitted to Freddie Mac for each loan/property. Optigo® lenders and appraisers are advised to review the checklist items and Chapter 60 of the Guide to ensure submitted appraisal reports meet all Freddie Mac requirements.
Latest Updates
May 21, 2024
February 7, 2024
December 21, 2023
Learning Tools
Additional Resources
- Chapter 60 of the Seller/Servicer Guide
- Additional Appraisal Requirements Memorandum - 02/27/2025
- Multifamily Underwriting Appraisal Checklist - 02/14/2024
- Appraisal Revision Summary Template - 02/27/2025
- Appraisal Guide Compliance Checklist - 05/09/2023
- Appraiser Independence Requirements FAQs - 06/03/2024
- Appraisals Update Call FAQs - 12/11/2024
- Appraisal Forum 2023 Workbook - 12/19/23
- Multifamily Appraisal Forum 2023 FAQs - 12/21/2023
- Restricted Vendor List (For Optigo lenders only)
- Capitalization Rate Guidance - 03/28/2025
- Development of Capitalization Rates — Proforma vs T-12 - 06/03/2022
- Property Taxes in a Freddie Mac Appraisal - 10/30/2023
- Validating Large Value Increases Over a Short Time - 06/03/2022
- Valuing Non-Stabilized Multifamily Properties - 06/03/2022
- Consideration of Fire Damage or Other Insurance Proceeds in Appraisals - 06/03/2022
- SBL Appraisals - 50 Pages - 08/06/2019
- TAHX Appraisals - 75 Pages - 08/06/2019
- Multifamily Appraisal FAQs - 05/22/2022
- Real Estate Appraisals Best Practices - 06/04/2021
- Top 5 Appraisal Review Observations - 08/06/2019