Due to severe storms, flooding, landslides and mudslides in Kentucky, FEMA has declared the following counties a disaster.
Incident Period: July 26, 2022, and continuing
|State||FEMA Disaster Declaration||Counties|
|Kentucky||July 29, 2022||Breathitt, Clay, Knott, Letcher and Perry|
|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 07/29/22.|
|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**.|
*If an appraisal was not required due to a property inspection waiver (PIW), an inspection report will still be required.
**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.
Please contact CorrespondentRM@carringtonms.com with any questions. Carrington thanks you for your business.
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