11/02/2026
𝗕𝗜𝗚 𝗖𝗛𝗔𝗡𝗚𝗘𝗦 𝗔𝗥𝗘 𝗖𝗢𝗠𝗜𝗡𝗚 𝗧𝗢 𝗛𝗢𝗠𝗘 𝗔𝗣𝗣𝗥𝗔𝗜𝗦𝗔𝗟𝗦!
Starting in November 2026, the mortgage industry is moving to a new appraisal reporting standard called UAD 3.6 (Uniform Appraisal Dataset). The goal? A more complete, consistent picture of a home's value.
So, what's changing?
More Property Details: Appraisers will collect more specific information about a home's features, materials, condition, and improvements.
Better Documentation: Updated photo and reporting requirements will give lenders a clearer look at a property's features and condition.
More Detailed Property Information: Improved reporting will provide additional context about a home's characteristics and location.
A Closer Look at Condition:Renovations, updates, and overall upkeep will be documented in a more structured way.
More Consistency Across Appraisals: Standardized reporting will make appraisal information easier for appraisers and lenders to review and compare.
So, what does this mean for homebuyers?
The goal isn't to make buying a home more complicated. It's to provide a clearer understanding of the property. While more detailed reporting doesn't guarantee a higher value, it helps ensure important characteristics are documented and considered.
At CharterWest Bank Mortgage Center, we're here to help buyers stay informed through every step of the mortgage process.
Have questions about appraisals or buying a home? Reach out, we're happy to help!
