Questions? Feedback? powered by Olark live chat software

Federal Disaster Area Requirements Lifted for Orange County

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for Orange County, CA due to fires, with an incident date of 10/8/2017.

For all FNMA/FHLMC products closing with JMAC Lending in Orange County, a 1004D or CDAIR will not be required unless the property is located in one of the following Orange County zip codes:                                                                        

  • 92602 Irvine
  • 92676 Silverado
  • 92782 Tustin
  • 92807 Anaheim
  • 92808 Anaheim
  • 92867 Orange
  • 92869 Orange

Please note: This update only pertains to Orange County, CA. All other Federal Disaster areas still require either a CDAIR or 1004D per counties listed within each applicable FEMA announcement.

Below is JMAC’s current documentation requirements for conventional loans when a property is located within a Federal Disaster area:

Conventional Loans

  • An exterior Catastrophic Disaster Area Inspection Report (CDAIR) or 1004D of the subject property performed by an appraiser is required.
  • Loans previously approved without an appraisal will require an exterior and interior Catastrophic Disaster Area Inspection Report (CDAIR) or 1004D.

Appraisals Completed Prior to Disaster

  • Appraiser must comment if the subject property is free from damage, is in the same condition from previous inspection and there has been no change in the valuation.
  • Inspection report must include photographs of the subject property and street view.
  • Any damage must be repaired and re-inspected prior to closing.

Appraisals Completed After Disaster Event

  • Appraiser must comment of the adverse event and certify that there has been no change in the valuation.
  • Any existing damage noted from the original report must be repaired and re-inspected prior to closing.

For more information, please contact your JMAC Lending Account Executive.