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FEMA Disaster Declaration for Kentucky Severe Storms, Straight-Line Winds, Flooding, and Tornadoes

December 13, 2021rashtonBulletin

Overview

Due to severe storms, straight-line winds, flooding, and tornadoes in Kentucky, FEMA has declared the following counties a disaster.

Incident Period: December 10, 2021 and continuing

State FEMA Disaster Declaration Counties
Kentucky December 12, 2021 Caldwell, Fulton, Graves, Hopkins, Marshall, Muhlenberg, Taylor, and Warren

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 – Continuing*.
FHA Streamline No Not applicable
VA Full Doc and IRRRL Yes If the loan was not closed (signed) prior to the Declaration Date of 12/12/2021.
USDA Full Doc and Streamline Assist Yes If the original appraisal inspection date was prior to the Incident Period End Date – Continuing*.
Conventional** and Non-Agency Yes If the original appraisal inspection date was prior to the Incident Period End Date – Continuing*.

*In cases where FEMA has not yet issued an Incident End Date and the disaster is “Continuing”, the earliest CMS will permit a re-inspection is a minimum of 14 calendar days from the Incident Period Start Date.

**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.

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