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November Appraisal Changes: What Buyers, Realtors & Builders Should Know | October 14, 2026
← Paul’s main website · Realtor & Builder Knowledge Center
October 14, 2026 · Mortgage & Real Estate Insight
By Paul Singh, Senior Mortgage Advisor · NMLS #406332
If you are buying, selling or building a home this fall, ask your mortgage team which appraisal-report format your lender requires. A national reporting transition is approaching, and the answer depends on the lender’s implementation plan.
What is changing?
Fannie Mae and Freddie Mac are moving to the redesigned Uniform Appraisal Dataset, known as UAD 3.6. It supports a flexible, data-driven appraisal report across residential property types. This changes how appraisal information is collected and presented; it is not an announcement that a particular home’s value will rise or fall.
Source: Fannie Mae’s UAD overview and transition resources
The November deadline—and the exception
The GSEs’ September 30, 2026 announcement keeps the November 2, 2026 UAD 3.6 mandate in place. Sellers granted an exception may submit new UAD 2.6 reports through May 19, 2027. Starting March 1, those legacy reports receive reduced collateral-review functionality and lose eligibility for collateral representation-and-warranty relief for value. Previously submitted UAD 2.6 reports may be resubmitted through June 27; UAD 2.6 retires June 28, 2027.
This is an approved exception process, not a blanket postponement. Lenders that do not sell directly to the GSEs must align with their investors. These are Fannie Mae/Freddie Mac appraisal-submission requirements—not a universal loan-application cutoff for every mortgage program.
Source: Joint GSE announcement, September 30, 2026
What this means for your next transaction
The following are practical planning suggestions, not additional agency requirements:
Realtors: Ask the lender which report format it accepts before promising an appraisal turnaround. Share factual property details and relevant records through the lender’s approved process; never promise an appraised value.
Builders: Coordinate plans, specifications, upgrades and completion documentation early. Ask how an appraisal ordered during construction and any later completion evidence will be handled during the transition.
Buyers and refinancing homeowners: Confirm the appraisal order, access arrangements and outstanding property conditions. A redesigned report does not itself mean you need a second appraisal.
Investors: Ask separately about value, market rent and qualifying income. Confirm the selected lender’s requirements before relying on projected rent in your financing plan.
Quick question: Is the rent schedule the same as the home’s appraised value?
No. The Single-Family Comparable Rent Schedule, Form 1007, addresses market rent. Fannie Mae’s legacy-form guidance requires it for a one-unit investment property when rental income is used to qualify; it may also be obtained for rent reporting. It is not a universal requirement for every conventional home purchase. Lenders using UAD 3.6 must follow that format’s policy supplement.
Practical takeaway: A property’s value and the rental income accepted for underwriting answer different questions. A rent figure is not, by itself, an approval or a promise of how much you can borrow. Confirm the rules for your specific program, especially when comparing conventional financing with a DSCR option.
Source: Fannie Mae Selling Guide, B4-1.2-01
Three questions to bring to your mortgage conversation
Which appraisal format will the selected lender and investor accept for my transaction?
Could the timing of the order, submission or completion review affect our closing plan?
If rental income is involved, what documentation and calculation will the underwriter use?
Have a purchase, refinance or investment scenario to discuss? Book a conversation with Paul or call 856-503-9396.
Published and sources checked October 14, 2026. The policy announcement discussed above was issued September 30, 2026; it was not announced today. This article is general education, not a complete underwriting guide, rate quote, loan approval or commitment to lend. Requirements and availability vary by lender, program, property and state; all loans are subject to underwriting and approval.
Paul Singh · NMLS #406332 | Petra Cephas Inc. · NMLS #1222300
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MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER. Equal Housing Opportunity.
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