If your home has been destroyed or severely damaged in a Presidentially declared disaster area, we can help through the FHA 203(h) Disaster Relief Loan.
The FHA 203(h) mortgage may be used to finance the purchase of a new home with no down payment and favorable terms.
- 100% financing available
- Financing options available for FICO scores as low as 640
- FHA mortgage limits range from $275,665 to $672,750 in high cost areas
- No borrower income limit
Two other important details to know about this program are:
- If you plan on purchasing a new home, the new home need not be located in the area where the previous house was located.
- Renters that were displaced within a declared disaster area are also eligible for this program.
In this time of hardship and loss, we send our deepest sympathies and can only hope for a sense of calm and safety to be restored for you as soon as possible. Please feel free to contact us if you have questions about this loan program.