Due to severe storms, tornadoes and flooding in Oklahoma, FEMA has declared the following counties a disaster.
Incident Period: May 2, 2022 - May 8, 2022
|State||FEMA Disaster Declaration||Counties|
|Oklahoma||June 29, 2022||Adair, Cherokee, Muskogee, Okmulgee, Pottawatomie, Seminole and Tulsa|
|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 – 05/08/22.|
|FHA Streamline||No||Not applicable|
|VA Full Doc and IRRRL||Yes||If the loan was not closed (signed) prior to the Declaration Date of 06/29/22.|
|USDA Full Doc and Streamline Assist||Yes||If the original appraisal inspection date was prior to the Incident Period End Date – 05/08/22.|
|Conventional* and Non-Agency||Yes||If the original appraisal inspection date was prior to the Incident Period End Date – 05/08/22.|
*If an appraisal was not required due to a property inspection waiver (PIW), an inspection report will still be required.
For further guidance and loan property requirements refer to the Declared Disaster Policy published on carringtoncorrespondent.com.
Please contact CorrespondentRM@carringtonms.com with any questions.
Carrington thanks you for your business.
Contact your Account Executive with questions.
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