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Answers (2)

- Corri Klebaum, "CorriKlebaum"
- Contributions:199
In reference to an appraisal required for a conventional loan, Fannie Mae has adopted a Uniform Appraisal Dataset policy, The property condition will be graded from C1 to C6 while construction quality will be graded from Q1 to Q6 with a 1 being the best and 6 being the worst. Properties receiving C6 and/or Q6 rating will require the necessary repairs to receive a "passing grade" and be eligible for delivery to Fannie Mae.
Fannie Mae UAD Index
Fannie Mae UAD Index


What does the "construction quality" rating mean?
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