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Hurricane Matthew Updates

JMAC Lending Partners -

Over this past weekend, Hurricane Matthew (a Category 4/5 Hurricane) made landfall along the southeastern United States. Our first and foremost concern is for those whose homes and lives have been affected. As of this morning, October 10, no private FEMA disaster designations have been made. We will be updating this page as further information from FEMA and the secondary markets regarding designated disaster areas is published. If you have questions regarding the effects of Hurricane Matthew or any other disaster designation, you are encouraged to speak with your Account Executive.

JMAC Disaster Area Policy

Sellers are responsible for identifying geographic areas impacted by disasters and taking appropriate steps to ensure the subject property has not been adversely affected.  Our broker partners should follow this policy and guidelines to best inform their borrowers of potential delays or costs. The following guidelines apply to properties located in FEMA declared disaster areas, as identified by reviewing the FEMA web site at  In addition, when there is knowledge of an adverse event occurring near and around the subject property location, such as earthquakes, floods, tornadoes, or wildfires, additional due diligence should be used to determine if the disaster guidelines should be followed.

Appraisals Completed Prior to Disaster

An interior and exterior inspection of the subject property, performed by the original appraiser if possible, is required. 

  • The appraiser should provide a statement indicating if the subject property is free from any damage, is in the same condition from the previous inspection, and the marketability and value remain the same.

  • Inspection report must include photographs of the subject property and street view.

  • Any damage must be repaired and re-inspected prior to purchase

Appraisals Completed After Disaster Event

  • Appraiser must comment on the adverse event and certify that there has been no change in the valuation.

  • Any existing damage notated from the original report must be repaired and re-inspected prior to purchase.

Disaster Event Occurs after Closing but prior to Loan Purchase

  • Loan is ineligible for purchase until an update or inspection from the original appraiser is obtained.

  • Appraiser must comment on the event and certify that there has been no change to the value.

Guidelines for disaster areas should be followed for 90-days from the disaster period end date or the date of the event, whichever is later.  FHA loans that have not yet been endorsed are subject to the above inspection requirements, and that JMAC Lending will require a drive by inspection with photos for any FHA Streamline or VA IRRRL that has not yet closed in all affected areas.


FEMA updated the designated counties for individual assistance for Florida, Georgia and Virginia:


Brevard County, Duval County, Flagler County, Indian River County, Nassau County, Putnam County, Seminole County*, St. Johns County and Volusia County.

*Seminole County added for Florida


Bryan County, Bulloch County, Chatham County, Effingham County, Evans County*, Glynn County, Liberty County, Long County, McIntosh County and Wayne County.

*Evans County added for Georgia


Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk and Virginia Beach.