Due to Hurricane Laura in Louisiana, FEMA has declared the following counties (parishes) a disaster. Additional FEMA declared counties are shown in bold.
Incident Period: August 22, 2020 – August 27, 2020
|State||FEMA Disaster Declaration||Counties|
|Louisiana||August 28, 2020||Acadia, Allen, Beauregard, Calcasieu, Cameron, Grant, Jackson, Jefferson Davis,Lincoln, Morehouse, Natchitoches, Ouachita, Rapides, Sabine, Union, Vermilion, Vernon and Winn|
When product-specific requirements apply, an inspection will be required up to and including 90 days from the date the natural disaster occurred, prior to the Note date.
Re-Inspection by Product Type
|If your loan is …||A re-inspection is required …||Under these circumstances …|
|FHA Full Doc||Yes||If the original appraisal inspection date was prior to the Incident Period End Date of 8/27/2020.|
|FHA Streamline||No||Not applicable|
|VA Full Doc and IRRRL||Yes||If the loan was not closed (signed) prior to the Declaration Date of 8/28/2020.|
|USDA Full Doc and Streamline Assist||Yes||If the original appraisal inspection date was prior to the Incident Period End Date of 8/27/2020.|
|Conventional||Yes||If the original appraisal inspection date was prior to the Incident Period End Date of 8/27/2020.|
For further guidance and loan property requirements refer to the CMS “Declared Disaster Policy” which is published on at: Declared Disaster Policy.
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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00