Carrington Wholesale

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FEMA Disaster Declaration for Alabama Severe Storms and Flooding

December 22, 2021rashtonBulletin

Overview

Due to severe storms and flooding in Alabama, FEMA has declared the following counties a disaster.

Incident Period: October 6, 2021 October 7, 2021

State FEMA Disaster Declaration Counties
Alabama December 21, 2021 Jefferson and Shelby

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 – 10/07/21.
FHA Streamline No Not applicable
VA Full Doc and IRRRL Yes If the loan was not closed (signed) prior to the Declaration Date of 12/21/2021.
USDA Full Doc and Streamline Assist Yes If the original appraisal inspection date was prior to the Incident Period End Date – 10/07/21.
Conventional* and Non-Agency Yes If the original appraisal inspection date was prior to the Incident Period End Date – 10/07/21.

*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.