Loan impact
Summarized from the announcement · needs review- ANDArchome loan
- ANDState is MI
- 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
- Programs
- Conventional, FHA, Jumbo, Non-QM, USDA, VA
- Affected areas
- Valuation; Eligibility
- Affected documents
- Property inspection report; borrower certification; lender certification
- Effective
- Apr 22, 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 disaster reinspection requirementNewRequired | Not stated | Properties with appraisal reports completed before April 22, 2026 must receive a licensed inspector exterior review with photos showing no storm impact. |
| Interior reinspection requirement on damaged propertiesNewRequired | Not stated | An appraiser must conduct a full interior review if exterior examination reveals any damage. |
| Inspection timing for appraisal waivers and streamline refinancesNewRequired | Not stated | For Conventional loans with a Property Inspection Waiver, alongside VA IRRRL, FHA Streamline, and USDA Streamline refinances, the inspection must be dated April 22, 2026 or later. |
What to do
AWACS interpretation · not source languageWhat to review: Review disaster reinspection requirements for Michigan properties, focusing first on mandatory exterior inspections with photos for appraisals completed prior to April 22, 2026, interior inspection triggers for damaged properties, and inspection timing rules for appraisal waivers and streamline refinances.
Require a licensed inspector exterior inspection with photos confirming no damage for properties with appraisals completed before April 22, 2026, require a full appraiser interior review if damage is detected, and verify inspections are dated April 22, 2026 or later for property inspection waivers and streamline refinances.
Ensure all required disaster inspection reports and photographic evidence are received and verified prior to closing loans secured by properties in affected Michigan counties.
Confirm all required exterior inspection documentation, interior reviews for damaged properties, and inspection certifications are present in the final loan package.
Verify that all Michigan disaster reinspection conditions are fulfilled before loan delivery.
QC implications
- Quality control should sample Michigan loans to verify that properties with appraisals completed before April 22, 2026 include an exterior inspection with photos showing no storm damage.
- Quality control should test that an appraiser completed a full interior review whenever exterior damage was reported.
- Quality control must confirm that inspections for conventional loans with property inspection waivers, VA IRRRLs, FHA Streamlines, and USDA Streamlines are required to be dated April 22, 2026 or later.
Source and record
Version 1 · archivedChecks
Source verified: Passed, adjusted automatically
The document ID, link and publication date match the official source.
- A detail the source does not support was removed or adjusted
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
- An independent check could not confirm a detail; it was downgraded, never upgraded
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.
Source
- Funding Announcement FEMA Disaster Declaration in Michigan (2026-07-14) (official) ↗ (opens in a new tab)
- Archived copy, SHA-256 ffec1dfa8b9a…
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