Loan impact
Summarized from the announcement · needs reviewApplies to: Loans secured by properties located in declared disaster areas of Louisiana.
- ANDArchome loan
- ANDState is LA
- Addressed to
- Arc Home correspondent sellers and wholesale brokersFrom the publisher, not quoted from the text
- Investor
- ArchomeFrom the publisher, not quoted from the text
- Affected areas
- Valuation; Eligibility
- Affected documents
- Property inspection report; Appraisal report
- Effective
- Jun 19, 2026
- Applicability confidence
- Needs review: some rows could not be matched to a quote from the source
Summary by AWACS. Arc Home's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)
What changed
Summarized from the announcement| Requirement | Previously | Now |
|---|---|---|
| Exterior inspection for appraisals completed before June 19, 2026NewRequired | New requirement | An exterior re-inspection with photos by a licensed inspector is required if the appraisal was completed before June 19, 2026. |
| Interior inspection for damaged propertiesNewRequired | New requirement | The appraiser must conduct a full interior inspection if exterior inspection findings show property damage. |
| Inspection dates for appraisal waivers and streamline refinancesNewRequired | New requirement | For Conventional loans with a Property Inspection Waiver, and VA IRRRL, FHA Streamline, or USDA Streamline loans, property inspections must be dated June 19, 2026, or later. |
What to do
AWACS interpretation · not source languageWhat to review: Review the mandatory disaster inspection requirements for properties in declared Louisiana parishes, focusing first on required exterior re-inspections for appraisals completed before June 19, 2026, interior inspections when damage is detected, and inspection date rules for streamline refinances and appraisal waivers.
Complete an exterior re-inspection with photos by a licensed inspector for appraisals finished prior to June 19, 2026, and perform a full interior inspection if exterior inspection findings indicate property damage.
Ensure properties in affected Louisiana areas have exterior re-inspections with photos if the appraisal was completed before June 19, 2026, require full interior inspections if exterior damage is noted, and verify that inspections for Conventional loans with appraisal waivers and VA, FHA, or USDA streamline refinances are dated June 19, 2026, or later.
Verify that all required post-disaster inspection reports and dated documentation from June 19, 2026, or later are obtained prior to closing affected Louisiana loans.
QC implications
- Audit loans secured by properties in declared Louisiana disaster areas to ensure appraisals completed prior to June 19, 2026 include an exterior re-inspection with photographs from a licensed inspector.
- Verify that a full interior inspection was completed on any file where the exterior inspection noted property damage.
- Test that property inspections for Conventional loans with Property Inspection Waivers and VA, FHA, or USDA streamline refinances are dated on or after June 19, 2026.
Source and record
Version 1 · archivedChecks
Source verified: Passed
The document ID, link and publication date match the official source.
Quotes match the source: Passed
Every quoted passage appears word for word in the official document.
Requirements backed by the source: Passed, adjusted automatically
Anything marked required is backed by the requirement language and dates in the source.
- A detail the source does not support was removed or adjusted
- An independent check could not confirm which loans a change applies to; those conditions were removed
In scope: Passed
The document is about residential mortgage lending.
Format and labels: Passed
The record follows the AWACS format and uses its standard labels.