Disaster Relief
Getting back on your feet after a major disaster is difficult enough without the added stress of worrying about how to finance repairs or your replacement home. That's where disaster relief comes in. We can help you and your family persevere with the FHA 203(h) loan program.
Reasons/Highlights
- 0% down payment
- 100% financing available
- Less-stringent credit requirements
- Expanded eligibility for purchases
- 15- and 30-year fixed-rate terms
- Available for use up to one year after disaster declaration
Defining disaster.
If your home’s been destroyed or severely damaged in a Presidentially-declared disaster area, you’re eligible to apply for the FHA 203(h) program.
The FHA 203(h) program helps victims of major disasters recover by making it easier for them to obtain a mortgage or re-establish themselves as homeowners. Insured loans may be used to finance the purchase or rebuilding of a single-family home that will be the homeowner’s primary residence.
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