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Hurricane Florence Update - 10/3/18

As a follow up to previous announcements regarding Hurricane Florence, New Penn Financial will resume closings and funding in accordance with the New Penn Financial Disaster Policy - Section 3.14.

Please note the addition below of Darlington and Florence Counties in South Carolina.

As of today, October 3, 2018, we are updating the impacted areas in North Carolina to align with those counties FEMA has declared as eligible for individual assistance as noted below.  Loans that have not yet gone to closing and fall into impacted areas will require the appropriate inspection as outlined in New Penn Financials’ Disaster Policy - Section 3.14. 

Although FEMA has not yet issued an end date to the incident period for Hurricane Florence, New Penn Financial will permit re-inspections for loans in the counties identified below as required by the New Penn Financial Disaster Policy for the following loan types:  Conventional (FNMA & FHLMC), VA, USDA and Non-Agency/Non-QM loans. 

 

Because no incident date has been issued, re-inspections for FHA loans are not yet permitted.

 

We will continue to monitor FEMA announcements as well as news and updates from local and state government agencies to provide updates as necessary.