Announcement 2020-107 - California Wildfires (DR-4558-CA) – Additional Updates

Sept 16 – Added reminder that FHA and USDA will require an inspection or appraisal Sept 30 – Refer to Announcement 2020-115 for new guidance for Napa and Sonoma Counties due to the Glass Fire Oct 14 – Updated to allow closings and fundings in Butte County, and remove a duplicate zip code for Sonoma County (95465)

Updated September 16, 2020 (in red) and September 30, 2020

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.

New Topics

This announcement addresses an update to FHA and USDA lending, adds a new county (Butte) to the declared disaster and opens up purchases in the remaining counties. Please see details below.

Announcements related to this disaster:

Announcement 2020-098 was released on August 26, stating that closings and fundings would be paused in the FEMA declared counties
Announcement 2020-104 was released on September 2, opening up closings and fundings in certain zip codes for Conventional and VA products
Announcement 2020-105 was released on September 10, opening up lending for FHA and USDA products

Butte County

On September 13, FEMA added Butte County to the currently declared disaster. Effective October 14, NewRez will resume closings and fundings of loans in Butte County, which has been identified and designated for Individual Assistance from FEMA.

The following table lists the zip codes currently ineligible for closings and fundings for all products. All other zip codes remain eligible.

Please note that FHA and USDA will require an inspection or appraisal in the zip codes eligible for closings and fundings in accordance with NewRez’s FEMA Declared Disaster Policy, or for Wholesale, the Disaster Policy.

County

Zip Codes Ineligible for Closing or Funding

Butte

· 95916

· 95940

· 95965

· 95966

Closings and Fundings Eligible in the Following Counties

Effective immediately, NewRez is lifting the pause in closings and fundings in Lake, Monterey, Napa, San Mateo, Santa Cruz, Solano, Sonoma and Yolo Counties. This applies to Conventional, FHA, VA and USDA products. Refer to NewRez’s FEMA Declared Disaster Policy, or for Wholesale, the Disaster Policy for full requirements.

Refer to Announcement 2020-115 for updated guidance on Napa and Sonoma due to the Glass Fire.

Conventional and VA Loans

The following zip codes by county will require an inspection or appraisal for conventional and VA loans, as applicable.

County

Zip Codes Eligible for Closing or Funding
with Inspection or Appraisal per the Disaster Policy

Monterey

· 93901

· 93902

· 93905

· 93906

· 93908

· 93912

· 93915

· 93920

· 93924

· 93960

· 93962

Lake

· 95422

95423

· 95424

· 95426

· 95435

· 95457

· 95461

· 95467

· 95485

· 95493

Napa

· 94508

· 94515

· 94558

· 94567

· 94574

· 94576

· 94599

San Mateo

· 94020

· 94021

· 94060

Santa Cruz

· 95006

· 95007

· 95017

· 95018

· 95041

· 95060

· 95066

· 95067

· 96005

· 95061

Solano

· 94533

· 94534

· 94535

· 94585

· 95625

· 95687

· 95688

· 95965

Sonoma

· 95419

· 95421

· 95425

· 95430

· 95436

· 95441

· 95446

· 95448

· 95465

· 95471

· 95472

· 95492

· 95497

Yolo

· 95606

· 95607

· 95627

· 95637

· 95653

· 95679

· 95694

· 95695

· 95697

· 95698

The following zip codes by county will not require an appraisal or inspection for conventional and VA loans, but will still require:

Conventional:

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
Refer to Announcement 2020-115 for updated guidance on Napa and Sonoma due to the Glass Fire.

County

Zip Codes Eligible for Closing or Funding

with Borrower’s Attestation or Veteran’s Certification

Monterey

· 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

Lake

· 95443

· 95451

· 95453

· 95458

· 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

· 94510

· 94512

· 94571

· 94585

· 94589

· 94590

· 94591

· 94592

· 95620

· 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

FHA and USDA Loans

Refer to Announcement 2020-115 for updated guidance on Napa and Sonoma due to the Glass Fire.

Closings and fundings are now eligible in the following counties regardless of zip code and an inspection or appraisal will be required for FHA and USDA loans in accordance with NewRez’s Disaster Policy.

Lake	Santa Cruz
Monterey	Solano
Napa	Sonoma
San Mateo	Yolo

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.