Announcement 21-0034: FEMA Disaster Declaration for Louisiana Hurricane Ida

Overview

Due to damage from Hurricane Ida in Louisiana, FEMA has declared the following parishes (counties) a disaster. Incident Period: August 26, 2021 and Continuing
State FEMA Disaster Declaration Parishes
Louisiana August 29, 2021 Ascension, Assumption, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. Bernard, St. Charles, St. Helena, St. James, St. John the Baptist, St. Martin, St. Mary, St. Tammany, Tangipahoa, Terrebonne, Washington, West Baton Rouge and West Feliciana

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 8/29/21.
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. For further guidance and loan property requirements refer to the Declared Disaster Policy published on carringtoncorrespondent.com.

Contacts

Please contact CorrespondentRM@carringtonms.com with any questions. Carrington thanks you for your business.