Announcement DR 2021-003 - FEMA Major Disaster Declaration - Texas Severe Winter Storms (DR-4586-TX)

On February 19, 2021, FEMA announced a Major Disaster Declaration pertaining to the Texas Severe Winter Storms with an Incident Period start date of February 11, 2021. No incident end date has been declared at this time.

 

As of today, one hundred-eight (108) counties have been identified and designated for Individual Assistance (IA) from FEMA.

 

The currently declared counties are:

 

Anderson

DeWitt

Jefferson

Rusk

Angelina

Denton

Jim Wells

Sabine

Aransas

Erath

Johnson

San Jacinto

Austin

Ellis

Jones

San Patricio

Bastrop

Falls

Kaufman

Scurry

Bee

Fannin

Kendall

Shelby

Bell

Fort Bend

Lavaca

Smith

Bexar

Freestone

Liberty

Stevens

Blanco

Galveston

Limestone

Tarrant

Bosque

Gillespie

Lubbock

Travis

Bowie

Gonzalez

Madison

Taylor

Brazoria

Grayson

Matagorda

Tom Green

Brazos

Gregg

Maverick

Tyler

Brown

Grimes

McLennan

Upshur

Burleson

Guadalupe

Medina

Val Verde

Burnet

Hardin

Milam

Van Zandt

Caldwell

Harris

Montague

Victoria

Calhoun

Harrison

Montgomery

Walker

Cameron

Hays

Nacogdoches

Waller

Chambers

Henderson

Navarro

Washington

Cherokee

Hidalgo

Nueces

Wharton

Collin

Hill

Orange

Wichita

Colorado

Hood

Palo Pinto

Williamson

Comal

Houston

Panola

Wilson

Comanche

Hunt

Parker

Wise

Cooke

Jackson

Polk

Wood Counties

Coryell

Jasper

Rockwall

 

Dallas

 

 

 

 

Effective immediately, in accordance with agency and investor requirements, NewRez will implement the following prior to closing requirements for loans secured by properties located in the 108 counties identified above.

 

Conventional Conforming and Jumbo Transactions

 

  • Disaster Inspection with photos evidencing the property is free from damage and the disaster had no effect on the value or marketability.
  • If the Disaster Inspection reveals more than minor cosmetic damage, a new interior appraisal is required, and all damage must be repaired prior to closing and/or purchase by NewRez.

 

FHA Transactions

 

  • FHA Streamline Refinances do not require Disaster Inspections.
  • The following applies to all FHA loans that have not closed prior to February 11, 2021:
    • Exterior inspection report with photos by original FHA appraiser must be dated after the Incident Period end date or 14 days from the Incident Period start date, whichever is earlier.
    • Exterior inspection reports are not required if effective date of FHA appraisal is after the incident period end date.
    • If damage exists, follow requirements outlined in 4000.1 Handbook for PDMDA designations.

 

VA Transactions

 

  • VA IRRRLs do not require Disaster Inspection or Veteran’s certification.
  • Disaster Inspection with photos evidencing the property is free from damage and the disaster had no effect on the value or marketability.
  • Veteran’s Certification, signed and dated:
    • I have inspected the property located at ____________and find its condition now to be acceptable to me. I understand that I will not be charged for any disaster‐related expenses and now wish to close the loan.

 

USDA Transactions

 

  • Disaster Inspection with photos evidencing the property is free from damage and the disaster had no effect on the value or marketability.
  • If the property inspection reveals damage from disaster, repairs must be completed prior to closing.

A condition requiring a property inspection will be added to identified loans.

These requirements are based on the ongoing status of the disaster Incident Period end date for this FEMA Major Declaration. As with all FEMA Major Disaster Declarations, the impacted areas are not definitively confirmed until FEMA formally designates such areas, which occurs following the completion of the incident and an assessment of the damage. As a result, we will continue to monitor FEMA announcements for impacted areas in order to update any additional impacted counties.

 

Please reference NewRez’s Disaster Policy for full details.