Loan impact
Summarized from the announcement · needs reviewApplies to: All mortgage loans secured by properties located in designated disaster counties in Louisiana, Mississippi, and Wisconsin.
- 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 reinspection report; exterior photographs; licensed inspector certification
- Effective
- Apr 24, 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 |
|---|---|---|
| Property inspection requirements for Louisiana disaster countiesNewRequired | New requirement | Properties in declared counties with valuations completed before June 19, 2026, require an exterior reinspection with photos by a licensed inspector, followed by an interior inspection if damage is noted. For Conventional loans having a Property Inspection Waiver, alongside VA IRRRL, FHA Streamline, or USDA Streamline options, the inspection date must fall on or after June 19, 2026. |
| Property inspection requirements for Mississippi disaster countiesNewRequired | New requirement | Properties in declared counties with valuations completed before May 8, 2026, require an exterior reinspection with photos by a licensed inspector, followed by an interior inspection if damage is noted. For Conventional loans having a Property Inspection Waiver, alongside VA IRRRL, FHA Streamline, or USDA Streamline options, the inspection date must fall on or after May 8, 2026. |
| Property inspection requirements for Wisconsin disaster countiesNewRequired | New requirement | Properties in declared counties with valuations completed before April 24, 2026, require an exterior reinspection with photos by a licensed inspector, followed by an interior inspection if damage is noted. For Conventional loans having a Property Inspection Waiver, alongside VA IRRRL, FHA Streamline, or USDA Streamline options, the inspection date must fall on or after April 24, 2026. |
What to do
AWACS interpretation · not source languageWhat to review: Review the specific appraisal cutoff dates and reinspection requirements for declared disaster counties in Louisiana, Mississippi, and Wisconsin before closing or funding affected loans.
Obtain exterior reinspections with photographs from a licensed inspector, plus interior inspections if damage is found, for properties in declared disaster areas with appraisals completed before April 24, 2026 in Wisconsin, May 8, 2026 in Mississippi, and June 19, 2026 in Louisiana.
Verify that loans in designated disaster counties have required reinspection reports or inspections dated on or after the applicable state cutoff dates for Conventional loans with inspection waivers, VA IRRRLs, FHA Streamlines, and USDA Streamlines.
Ensure required disaster reinspection documentation and certifications are in the loan file prior to closing or funding.
QC implications
- Sample loans secured by properties in declared disaster counties to verify required exterior reinspections and photos were obtained for appraisals completed prior to the state cutoff dates.
- Verify that an interior inspection report was completed whenever damage was reported on an exterior reinspection.
- Test streamline refinances and loans with Property Inspection Waivers to confirm inspection dates fall on or after April 24, 2026 for Wisconsin, May 8, 2026 for Mississippi, and June 19, 2026 for Louisiana.
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.
- 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.