
Disaster Declaration for the State of Tennessee
Disaster Declaration for the State of Tennessee FEMA Notice Date: October 2nd, 2024 On October 2, 2024, the Federal Emergency Management Agency (FEMA) declared that
COVID-19 Guidance
Due to current market conditions, temporary changes to our employment re-verification process are necessary to manage risk. The changes below apply to loans underwritten.
Income
Wage Earners
Self Employed – Full Doc
Rental Income Support
Forbearance-Conventional Loans
Borrowers who are currently or have been in forbearance, are acceptable in certain cases:
Forbearance-FHA, VA, USDA Loans
Temporary Appraisal Guidance-Conventional Loans
A Drive by Appraisal is acceptable if the loan fits within the below metrics:
Appraisal Guidance-FHA/VA/USDA Loans
FHA/USDA:
VA:
Age of Documentation-Conventional Products
Age of Documentation-FHA/VA/USDA Products
COVID-19 Borrower Certification:
Disaster Declaration for the State of Tennessee FEMA Notice Date: October 2nd, 2024 On October 2, 2024, the Federal Emergency Management Agency (FEMA) declared that
Disaster Declaration for the State of Virginia FEMA Notice Date: October 1st, 2024 On October 1, 2024, the Federal Emergency Management Agency (FEMA) declared that
Disaster Declaration for the State of Georgia FEMA Notice Date: September 30th, 2024 On September 30, 2024, the Federal Emergency Management Agency (FEMA) declared that
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