What’s New with Home Appraisals

Written by Hope Sampson
Hope's Home Truths | Client Update
What's New With Home Appraisals
By Hope Sampson | October 30, 2026
A new, modern appraisal report is being introduced. I want you to know what to expect before it shows up in your transaction. I share updates like this because a well-informed client makes calmer, stronger decisions.
First, what is an appraisal?
An appraisal is an independent opinion of what a home is worth. For a purchase using a mortgage, the lender generally arranges the appraisal. Depending on the assignment, the appraiser may visit the property or use other approved methods to study the home and recent nearby sales.
The lender uses the report to evaluate whether the home's value supports the loan. An appraisal gives useful information, but it does not guarantee that a buyer is paying the right price or replace a home inspection.
What is changing?
For years, appraisers used different forms for houses, condos, and other properties. Fannie Mae and Freddie Mac are replacing these forms with an updated reporting system called UAD 3.6, short for Uniform Appraisal Dataset.
Think of it like trading a stack of paper worksheets for one smart digital report. The report adjusts to the property, while following a consistent structure.
One flexible report. Older forms, such as the 1004 for houses and the 1073 for condos, are being retired.
More consistent details. Standard fields help describe property features, with room for explanations where needed.
A more familiar look. The redesigned report resembles other mortgage documents, including the loan application and Closing Disclosure.
Which loans are affected?
This change applies to appraisal reporting under Fannie Mae and Freddie Mac requirements. FHA, VA, and USDA requirements are supported by UAD 3.6, but those agencies have their own rollout plans. Your lender can confirm what applies to your loan.
The reporting format is changing. A higher value, lower fee, or faster closing is not guaranteed.
Key dates
Date
What changes
November 2, 2026
New appraisal submissions must use UAD 3.6 unless the loan seller has an approved temporary exception.
May 3, 2027
Without an exception, the last day to revise and resubmit older-format reports first submitted before November 2, 2026.
Through May 19, 2027
Approved exceptions allow new older-format reports. From March 1, 2027, some automated review features and lender protections are reduced.
May 20, 2027
All new submissions must use UAD 3.6. Previously submitted older reports may still be resubmitted through June 27, 2027.
June 28, 2027
The older format is fully retired, including resubmissions.
These are appraisal submission deadlines, not closing dates. The initial submission to the shared appraisal portal determines which deadline applies. Your lender handles the format.
What this means for buyers
Expect a new look. If you have purchased before, the report may look different. That is normal, and I am happy to help you understand the next steps.
Allow a little extra time. The new report collects more detail, so on-site visits and early turnaround times may run a bit longer while appraisers adjust.
Confirm timing early. Ask your lender about the appraisal fee and expected turnaround. We will discuss timing before setting contract deadlines and stay in contact as the transaction moves forward.
What this means for sellers
Make every area easy to reach. Clear access to rooms, garages, and utility spaces helps an on-site visit go smoothly. I will coordinate access and timing with you.
Keep a list of improvements. Dates, costs, and supporting records help describe updates, additions, and repairs. They do not guarantee a dollar-for-dollar increase in value.
Guidance from start to finish
This upgrade is designed to make appraisal information clearer and more consistent. If you have questions about your purchase or sale, I am always happy to talk it through and coordinate with your lender.
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Hope Sampson
Global Real Estate Advisor | Realty Of America
There's Always Hope in Real Estate.
Hope Sampson
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