Overview
Due to the South Fork and Salt fires in New Mexico, FEMA has declared the following counties a disaster. Additional county is listed in bold.
Incident Period: June 17, 2024 and Continuing
State | FEMA Disaster Declaration | Counties |
New Mexico | 06/20/2024 | Lincoln and Otero |
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 | Yes | If the original appraisal inspection date was prior to the Incident Period End Date – Continuing*. |
VA IRRRL | Yes | If the loan was not closed (signed) prior to the Incident Period Begin Date – 06/17/24. |
USDA Full Doc and Streamline Assist | Yes | If the original appraisal inspection date was prior to the Incident Period End Date – Continuing*. |
Conventional | Yes | If the original appraisal inspection date was prior to the Incident Period End Date – Continuing*. |
Non-Agency | Yes | If the original appraisal inspection date was prior to the Incident Period End Date – Continuing*. |
*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.
Contacts
Please contact CorrespondentRM@carringtonms.com with any questions.
Carrington thanks you for your business.