What is a Seismic Report?

Seismic Report Definition

A seismic report, also referred to as a seismic assessment, gauges the seismic risk (probability of an earthquake) of a particular property. It may include calculations of the SML (Scenario Expected Loss) and PML (Probable Maximum Loss) consistent with current building codes. Seismic reports for HUD multifamily loans are only required for properties located in seismic zones 3 and 4, which consist of all of California, large swaths of Alaska and Hawaii, certain parts of Idaho, Montana, Oregon, Washington, and Nevada, and a small portion of land in Tennessee, Kentucky, Illinois, and Arkansas.

Getting a new seismic report is not required for properties applying for a HUD 223(a)(7) refinance.


To learn more about the HUD 223a7 refinance program, fill out the form below to speak to a HUD/FHA loan expert.