Carrington Wholesale

FEMA Disaster Declaration for West Virginia Severe Storms and Flooding

May 24, 2021rashtonBulletin

Overview

Due to damage from severe storms and flooding in West Virginia, FEMA has declared the following counties a disaster.

Incident Period: February 27, 2021 – March 4, 2021

State FEMA Disaster Declaration Counties
West Virginia May 20, 2021 Cabell, Kanawha, Mingo and Wayne

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 3/4/21.
FHA Streamline No Not applicable
VA Full Doc and IRRRL Yes If the loan was not closed (signed) prior to the Declaration Date of 5/20/21 and submitted prior to 3/4/21.
USDA Full Doc Yes If the original appraisal inspection date was prior to the Incident Period End Date of 3/4/21.
USDA Streamline Assist Yes If the original submission date was prior to the Incident Period End Date of 3/4/21.
Conventional* and Non-Agency Yes If the original appraisal inspection date was prior to the Incident Period End Date of 3/4/21.

*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.