Valuation & Appraisal

Form 1007 Single-Family Comparable Rent Schedule

Fannie Mae Form 1007 appraisal addendum used by DSCR underwriters to establish objective market rent on 1-unit investment properties.

Underwriting Formula / Rule

Qualifying Rent = Lower of (100% of Form 1007 Market Rent) OR (Executed Lease, unless lease override is approved up to 115%–120% of 1007).

Detailed Credit-Committee Impact & Thresholds

Form 1007 is an appraisal addendum completed by a licensed residential appraiser that analyzes 3+ comparable rental properties in the immediate market to determine fair market monthly rent. Wholesale DSCR lenders use Form 1007 to underwrite vacant acquisitions and refinances.

2026 Wholesale Benchmark: Required on all 1-unit DSCR loans; paired with Form 1025 on 2–4 unit properties.

Related Underwriting Terms

Debt Service Coverage Ratio (DSCR)Form 1025 Small Residential Income Property Appraisal Report 5-4-3-2-1 Step-Down Prepayment Penalty 3-2-1 Step-Down Prepayment Penalty Yield Maintenance Prepayment Provision No-Ratio / Sub-1.00x DSCR Loan