As a follow up to previous announcements regarding Hurricane Florence, New Penn Financial will resume funding and purchase of loans.
Please note the addition below of Darlington and Florence Counties in South Carolina.
This is in accordance with the New Penn Financial Disaster Policy - Chapter 9 Collateral Audit and Funding.
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.