Due to a severe storms, flooding, landslides and mudslides in Kentucky, FEMA has declared the following counties a disaster. Updates: the incident period end date has been established and an additional county is listed in bold font.
Incident Period: July 26, 2022 and August 11, 2022
|State||FEMA Disaster Declaration||Counties|
|Kentucky||July 29, 2022||Breathitt, Clay, Floyd, Knott, Lee,
Leslie, Letcher, Magoffin, Martin,
Owsley, Perry, Pike and Whitley
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 – 8/11/22.|
|FHA Streamline||No||Not applicable|
|VA Full Doc and IRRRL||Yes||If the loan was not closed (signed) prior to the Declaration Date of 07/29/22.|
|USDA Full Doc and Streamline Assist||Yes||If the original appraisal inspection date was prior to the Incident Period End Date – 8/11/22.|
|Conventional* and Non-Agency||Yes||If the original appraisal inspection date was prior to the Incident Period End Date – 8/11/22.|
*If an appraisal was not required due to a property inspection waiver (PIW), an inspection report will still be required.
Please contact your Account Executive or Account Manager with any questions.
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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00