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Form 1004MC No Longer Required
Effective immediately, the Guaranteed Rural Housing Loan Program no longer requires the Market Conditions Addendum (1004MC) form as part of appraisal reports. Appraisers remain responsible for analyzing market conditions and accurately reporting them in the Neighborhood section of the appraisal forms.
Final Loan Application:
The Details of Transaction needs to
match the figures from the Closing Disclosure.
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