TX & OK FEMA Disaster Declaration Update + VA Certification Form | Client Announcement 2021-03-03
Important TX & OK FEMA Disaster Declaration Updates + VA Certification Forms
The following areas in Texas & Oklahoma have been added as disaster areas due to Winter Storms. Please note, as this is a FEMA declaration it will affect all programs.
Fairway Wholesale Lending will accept borrower certifications instead of requiring an inspection under the following conditions:
Please use this Disaster Borrower Certification Form.
Other updates in regards to Fairway's Disaster Area Appraisal and Re-Inspection implementation:
This disaster is different than other natural disasters, the impact may not be seen outside the home at all, but the inside may have significant damage, so communication is key. It starts with communication between you and your borrower and/or property owner (via the agents) that the property is located in a county that has been named triggering an additional level of due diligence.
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