FEMA Disaster Declaration for Louisiana Severe Winter Storm

March 11, 2021rashtonBulletin

Overview

Due to damage from severe winter storms in Louisiana, FEMA has declared the following parishes (counties) a disaster.

Incident Period: February 11, 2021 – February 19, 2021

State FEMA Disaster Declaration Parishes
Louisiana March 9, 2021 Avoyelles, Bienville, Bossier, Caddo, Calcasieu, Catahoula, Claiborne, Concordia, De Soto, East Baton Rouge, Franklin, Grant, La Salle, Madison, Natchitoches, Ouachita, Rapides, Red River, Richland, Sabine, Webster, West Carroll and Winn.

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 2/19/21.
FHA Streamline No Not applicable
VA Full Doc and IRRRL Yes If the loan was not closed (signed) prior to the Declaration Date of 3/9/21 and submitted prior to 2/19/21.
USDA Full Doc Yes If the original appraisal inspection date was prior to the Incident Period End Date of 2/19/21.
USDA Streamline Assist Yes If the original submission date was prior to the Incident Period End Date of 2/19/21.
Conventional* and Non-Agency Yes If the original appraisal inspection date was prior to the Incident Period End Date of 2/19/21.

*If an appraisal was not required due to a property inspection waiver (PIW), an inspection report will still be required.

Contacts

Please contact your Account Executive or Account Manager with any questions.

Carrington thanks you for your business.