Announcement 21-0039: FEMA Disaster Declaration for North Carolina - Tropical Storm Fred

Overview

Due to damage from remnants of Tropical Storm Fred in North Carolina, FEMA has declared the following counties a disaster.

Incident Period: August 16, 2021 August 18, 2021

StateFEMA Disaster DeclarationCounties
North CarolinaSeptember 8, 2021Avery, Buncombe, Haywood, Madison, Transylvania,
Watauga, and Yancey

Re-Inspection by Product Type

If your loan is …A re-inspection is required …Under these circumstances …
FHA Full DocYesIf the original appraisal inspection date was prior to the Incident Period End Date – 8/18/2021.
FHA StreamlineNoNot applicable
VA Full Doc and IRRRLYesIf the loan was not closed (signed) prior to the Declaration Date of 9/8/2021.
USDA Full Doc and Streamline AssistYesIf the original appraisal inspection date was prior to the Incident Period End Date – 8/18/2021.
Conventional* and Non AgencyYesIf the original appraisal inspection date was prior to the Incident Period End Date – 8/18/2021.

*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.

Contacts

Please contact CorrespondentRM@carringtonms.com with any questions.

Carrington thanks you for your business.