Update to FEMA Disaster Declaration Requirements

HomeBridge is updating the requirements for properties located in a FEMA Disaster Declaration area as outlined below.

FHA Streamline and VA IRRRL

A 2075 or Catastrophic Disaster Area Property Inspection Report (CDAIR) is no longer required on Streamline and IRRRL transactions secured by a property located in a FEMA Disaster Declaration area.

 VA Transactions (excluding IRRRLs)

A Lender and Veteran Property Certification, which is required by VA, will now be included with the loan documents and will require the borrower’s signature. Non-Delegated Correspondents/Emerging Bankers are responsible to include this form in the closing document package.

A sample of the Certification is attached (refer to the PDF document) and has also been posted on the HomeBridge website under “VA Specific