This document provides information on various appraisal products and services offered including: - Single-family residential appraisals for $450 that include an interior and exterior inspection and valuation in compliance with USPAP. - FHA single-family appraisals for $475 that include additional health and safety guidelines. - Non-owner occupied single-family appraisals for $450 that include a rental schedule and operating statement. - Two-to-four unit residential appraisals ranging from $600-$750 utilizing form 1025 and including operating statements. - Condominium appraisals for $450 utilizing form 1073 and complying with USPAP and FHA guidelines. - RE

1. Products & Services
SingleFamily Residential Appraisal - URAR1004
$450
This report is completed on the URAR form 1004 and provides the benefit of a full interior and exterior
inspection of the subject property. This report is used to estimate the market value of the subject property
as defined in Uniform Standard of Professional Appraisal Practice (USPAP), and is completed in compliance
with LCI Appraisal Services and Lender guidelines.
The product includes the following attachments
§ Completed URAR form
§ Subject property photos including front, rear, street scene, and any amenities
substantially affecting marketability and/or value
§ comparable sales photographs
§ flood map if property is located in a flood prone area
§ a floor plan sketch with exterior dimensions and gross living area calculations
§ location map showing accurate locations of the subject and all sales utilized in the
report and appropriate certifications and limiting conditions
SingleFamily Residential Appraisal, Non-Owner Occupied – 1004 $450
This report is similar in all respects to the standard Single Family Residential Appraisal with the following
additions
§ A completed Single Family Rent Schedule (form 1007)
§ Operating income Statement (form 216)

2. FHA SingleFamily ResidentialAppraisal - URAR1004 $475
This report is completed on the URAR, FNMA form 1004, and provides the benefit of a full interior and
exterior inspection of the subject property. This report is used to estimate the market value of the subject
property as defined in the Uniform Standard of Professional Appraisal Practice (USPAP), and is completed
in compliance with LCI Appraisal Services guidelines, Lender guidelines, and additional guidelines set forth
by the Federal Housing Administration. Each FHA appraisal report must include a unique FHA case number
in the upper right hand corner of each page that is assigned by the lender and obtained through the FHA
Connection website.
The product includes the following attachments
§ Completed URAR form
§ Subject property photos including front, rear, street scene, and any amenities
substantially affecting health and safety, marketability and/or value
§ Comparable sales photographs
§ Flood map (if property is located in a flood prone area)
§ Floor plan sketch with exterior dimensions and gross living area calculations
§ Location map showing accurate locations of the subject and all sales utilized in the
report
§ Appropriate certifications and limiting conditions
Additionally, the FHA mandates that the appraiser pay specific attention to certain
property conditions that they feel are potentially hazardous to the health and/or safety
of the occupants. Within the body of the report, or in the narrative addendum, the
appraiser will describe any readily observable property condition that can be construed
as a health/safety hazard, per FHA's guidelines. If the property is found to have
potential health and safety issues, an FHA report may be completed "subject to"
correction of the issue (if it's an obvious hazard), or "as is" with a complete description
of the noted issue, leaving it up to the lender's (DE Underwriter) discretion to determine
if further action is required.
TwotoFour Unit Residential - URAR1025 $600-$750
Appraisals of two-to-four unit residential properties are reported utilizing the Small Residential Income
Property Appraisal Report.
The product includes the following attachments
§ Analysis of competitive listings
§ Cost approach
§ Analysis of competitive rents
§ Sales comparison analysis
§ Completed operating income statement
§ Subject property photos including front, rear, street scene
§ Comparable rentals and comparable sales photographs
§ Floor plan sketch with exterior dimensions and gross living area calculations for each
unit
§ Location map detailing the locations of the subject and all rentals, listings and sales
utilized in the report .Appropriate certifications and limiting conditions

3. Condominium Appraisal - URAR1073 $450
Condominium appraisals are reported on the Individual Condominium Unit Appraisal Report and comply
with USPAP, LCI Appraisal Services, and customer guidelines. Effective January 1, 2006, condominium
appraisals completed for FHA loans will also be reported on Form 1073. A full interior and exterior
inspection of the subject unit is made and a concise analysis of the project and market are provided.
Attachments comparable to those included with the single-family residential report are also included in the
condominium report. Non-owner-occupied unit appraisals include a completed rent schedule and operating
income statement.
Real EstateOwned – REO $450
Appraisals for foreclosure and real estate-owned (REO) purposes are reported on the same group of forms
as previously noted, typically the 1004 form for single family residential properties, the 1073 form for
condominiums, and the 1025 form for two-to-four unit properties. REO reports generally have multiple
objectives. These include: To determine estimates of market value based on the present condition of the
subject improvements, frequently under normal and restricted marketing times. Marketing time
assumptions will be clearly defined in the limiting conditions incorporated into the final report and may not
match the standard definition of market value included in USPAP and the statement of limiting condition.
To develop and report a detailed list of those repairs, and their respective costs, necessary to bring the
subject improvements into an overall condition that will optimize marketability and value. To determine
estimates of value based on the assumption of cmpletion of the recommended repairs to the
improvements as described in the repair list. These estimates of market value may also be based on
normal market conditions existing as of the effective date of appraisal, as well as a value estimate made
under a restricted marketing period, as defined in the final report.
Standard REO appraisals include the following attachments
§ Photographs of the interior and exterior subject improvements
§ Photographs detailing areas of special concern with the subject improvements,
standard front, rear, and street scene photographs of the subject property
§ Photographs of all sales utilized within the report
§ Floor plan sketch with exterior dimensions and gross living area calculations
§ Itemized list of recommended repairs, with estimated costs to complete each item
§ Map detailing the location of the subject and all sales utilized in the report
§ Appropriate certifications and limiting conditions
Rental Survey – 1007 $100
Used on investment properties to provide an estimate of market rents for the subject property.
Operating Income Statement – 216 $100
Used on 1-4 income investment properties and 2-4 family owner-occupied properties. Applicant provides
income and expense projections to be used in determining income approach to value.

4. Appraisal Update - 1004D $150
This is a combination form and replaces the Appraisal Update and the Completion Certificate. If used as an
Appraisal Update, the appraiser must:
§ Concur with the original appraisal
§ Perform an exterior inspection of the subject from the street
§ Research, verify and analyze current market data in order to determine if the property
has declined in value since the effective date of the original appraisal
§ Provide Front and Street scene photos of the subject
§ If used as a Certification of Completion: The appraiser must make a statement that
improvements have been completed in accordance with the requirements and
conditions stated in the original appraisal report. (Or, if not, impact on market value
must be stated.) Required exhibits include: Front and street scene photos