September 10, 2020

Announcement 2020-105 - California Wildfires (DR-4558-CA) – Update for All Products

On August 22, 2020, FEMA announced a Major Disaster Declaration pertaining to fires in California, with an incident date of August 14, 2020. No incident end date has been declared at this time.

FEMA Declared Disaster in California

On August 22, 2020, FEMA announced a Major Disaster Declaration pertaining to fires in California, with an incident date of August 14, 2020. No incident end date has been declared at this time.

On August 26, 2020, NewRez released Announcement 2020-098 stating that closings and fundings would be paused in those counties. A subsequent announcement, 2020-104 was released on September 2, 2020, opening up closings and fundings in certain zip codes for Conventional and VA products.

Monterey County – All Products

Effective immediately, NewRez is lifting the pause in closings and fundings in all of Monterey County as the River Fire is 100% contained. This applies to Conventional, FHA, VA, and USDA products. Inspections or appraisals will be needed, as applicable, in the following zip codes. Reference NewRez’s Disaster Policy for full requirements.

County

Zip Codes Eligible for Closing and Funding

with Inspection or Appraisal per the Disaster Policy

Monterey

·        93908

·        93920

·        93901

·        93902

·        93905

·        93906

·        93912

·        93915

·        93924

·        93960

·        93962

 

The following zip codes in Monterey County will not require appraisals or inspections but will still require a Borrower Attestation or Veteran’s Certification as noted below under the FHA and USDA Loans topic, along with evidence of insurance.

County

Zip Codes Eligible for Closing and Funding with

Borrower’s Attestation or Veteran’s Certification

Monterey

·        93940

·        92943

·        93426

·        93450

·        93907

·        93921

·        93922

·        93923

·        93925

·        93926

·        93927

·        93928

·        93930

·        93932

·        93933

·        93940

·        93942

·        93943

·        93944

·        93950

·        93953

·        93954

·        93955

·        95004

·        95012

·        95039

 

FHA and USDA Loans

Effective immediately, closings and fundings may resume for FHA and USDA loans in certain zip codes in the following seven (7) counties. Conventional and VA loans remain eligible per Announcement 2020-104. Please reference additional requirements and zip code tables below.

·        Lake

·        Napa

·        San Mateo

·        Santa Cruz

·        Solano

·        Sonoma

·        Yolo

 

Additional Requirements

Conventional, FHA and USDA:

  • Borrower attestation, signed and dated, that there is no damage and they agree to the closing and funding of the loan
  • Evidence of acceptable insurance policy in place

VA:

  • 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.
  • Evidence of acceptable insurance policy in place

 

Please refer to zip code list by county below:

County

Zip Codes Eligible for Closing and Funding

Lake

·        95458

·        95443

·        95451

·        95453

·        95464

Napa

·        94503

·        94559

 

San Mateo

·        94002

·        94003

·        94005

·        94010

·        94011

·        94012

·        94014

·        94015

·        94016

·        94017

·        94018

·        94019

·        94025

·        94026

·        94027

·        94028

·        94029

·        94030

·        94031

·        94037

·        94038

·        94044

·        94045

·        94059

·        94061

·        94062

·        94063

·        94064

·        94065

·        94066

·        94067

·        94070

·        94071

·        94074

·        94080

·        94083

·        94096

·        94098

·        94099

·        94128

·        94307

·        94308

·        94401

·        94402

·        94403

·        94404

·        94405

·        94406

·        94407

·        94408

·        94409

Santa Cruz

·        95001

·        95003

·        95010

·        95019

·        95033

·        95062

·        95063

·        95064

·        95065

·        95073

·        95076

·        95077

Solano

·        95620

·        94592

·        94589

·        94591

·        94590

·        94510

·        94585

·        94512

·        94571

·        95690

Sonoma

·        94515

·        94923

·        94927

·        94928

·        94931

·        94951

·        94952

·        94953

·        94954

·        94955

·        94972

·        94975

·        94999

·        95401

·        95402

·        95403

·        95404

·        95405

·        95406

·        95407

·        95408

·        95409

·        95412

·        95419

·        95422

·        95431

·        95433

·        95439

·        95442

·        95444

·        95450

·        95452

·        95462

·        95465

·        95472

·        95473

·        95476

·        95480

·        95486

·        95487

·        95497

Yolo

·        95605

·        95612

·        95616

·        95617

·        95618

·        95645

·        95691

·        95776

·        95798

·        95799

·        95937

 

As with all disasters, the affected 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.