FEMA has added Santa Clara County to the list of impacted counties that were previously included in the FEMA declaration, California Wildfires (DR-4558-CA), dated August 22, 2020.
FEMA Declared Disaster in California
FEMA has added Santa Clara County to the list of impacted counties that were previously included in the FEMA declaration, California Wildfires (DR-4558-CA), dated August 22, 2020. This declaration has an incident date of August 14, 2020. No incident end date has been declared at this time.
Please note that the SCU Lightening Complex, which impacted Santa Clara County, is 100% contained.
NewRez announcements 2020-115, 2020-107, 2020-105, 2020-104 and 2020-098 previously addressed the impacts from this disaster.
Requirements in the Following Zip Codes
The following zip codes are eligible for closing or fundings, and will require either an inspection or appraisal, or Borrower’s Attestation or Veteran’s Certification as noted below. Refer to NewRez’s FEMA Declared Disaster Policy, or for Wholesale, the Disaster Policy for full requirements.
Conventional and VA Loans
The following zip codes in Santa Clara County will require an inspection or appraisal for conventional and VA loans, as applicable.
|
County |
Zip Codes Eligible for Closing or Funding |
||
|
Santa Clara |
· 95020 · 95035 |
· 95127 · 95132 |
· 95140 |
The remaining zip codes in Santa Clara 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
FHA and USDA Loans
Closings and fundings are eligible in Santa Clara County and an inspection or appraisal will be required for FHA and USDA loans in accordance with NewRez’s FEMA Declared Disaster Policy, or for Wholesale, the Disaster Policy.
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.