The property is considered potentially impacted for 90 days from the Incident Period END date or
date to which FEMA may extend the expiration of the disaster.
The disaster “Declaration Date” is the date in which FEMA announces a Major Disaster Declaration
and any aid has been made available.
7A.2 FEMA Presidentially Declared Major Disaster Areas
If the subject property is in a county where a Major Disaster Declaration with Individual Assistance
has been issued, an acceptable recertification of value and property inspection (see below) is
required prior to closing the loan.
If the property is in a county where a Disaster Declaration with Public Assistance or an Emergency
Declaration has been issued, or the property is within proximity to a Federally declared disaster
areas, no additional action is required.
Revalidation of employment and income may be required, as per guidance below.
Newrez does not require a specific form or damage inspection report. Inspections must be performed by a
certified appraiser, qualified professional (e.g., home inspector, engineer, etc.) or disaster inspection
company. Inspections for FHA loans must be performed by the original FHA appraiser or approved FHA
roster appraiser. Below are recommended options to certify the property condition:
Disaster Area Inspection Report (DAIR)
Desktop Underwriter Property Inspection Report (Form 2075)
Appraisal Update and/or Completion Report (Form 1004D/442)
All federally declared disaster areas with Incident End Dates within the past 12 months can be found on the
FEMA Disaster website.
7A.3 Conventional Conforming Inspection Requirements
7A.3(a) Appraisals Completed Prior to Incident Start or End Date
One of the following is required: