Los Angeles wildfire victims can get mortgages without a full appraisal for three more years

Federal regulators have temporarily relaxed rules for property appraisals in Los Angeles County. This means people buying or refinancing homes in areas affected by recent wildfires and straight-line winds will not need a full appraisal until January 2028.

After a disaster, getting a full property appraisal can be slow and expensive, especially if many homes are damaged. This change makes it easier for people to rebuild or move by speeding up the mortgage process. It removes a common hurdle for recovery efforts after natural disasters.