source:
  type: guide
  id: va-m26-7-ch11-t16
  authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 16 — Income
    Approach
  description: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 16 — Income
    Approach.
  coverage_tier: operative
obligations:
- id: va-m26-7-ch11-t16-full
  canonical_id: va-m26-7-ch11-t16-full
  section: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 16 — Income Approach
  type: do
  tags:
  - regulator-direct
  - va
  - va-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 16 — Income
      Approach
    source_class: va-handbook
    source_url: https://www.benefits.va.gov/warms/pam26_7.asp
    snapshot_id: faa7d8c84a0580f3
    fetched_at: '2026-05-23T01:53:53Z'
    content_hash: sha256:960cb068c0b142cd1bb4a0e38f29c6c5b725d24095781b92c663a83e9fd36263
    paragraph_quote: '16. Income Approach Change Date February 22, 2019 • This Chapter
      has been revised in its entirety. a. Residential Income Properties If appraising
      a residential income property with two to four units, the appraiser must prepare
      the appraisal on the Freddie Mac Form 72/ Fannie Mae Form 1025, Small Residential
      Income Property Appraisal Report, which includes an income approach b. Other
      Property Types VA does not require an income approach on any other property
      types. VA Pamphlet 26-7, Revised Chapter 11: Appraisal Report 11-25'
  judgment: false
