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203(h) FHA DISASTER RELIEF LOAN This program is designed for victims of major disasters who have lost their primary residence and are buying a new one. With this program, it is our goal to provide relief to borrowers whose previous residences were damaged by a Presidentially-Declared Major Disaster Area (PDMDA).
Program Details » Previous residence (owned or rented) must have
been located in a PDMDA and destroyed or damaged to such an extent that reconstruction or replacement is necessary.
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Borrower must provide conclusive evidence of their destroyed or damaged previous residence.
showing a primary residence in » Documentation the affected area before the disaster includes a valid driver's license, a voter registration card, utility bills, etc.
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Borrower must have have a rental or mortgage payment history for a minimum of 12 months. 100% Financing available.
» FHA loan and income limits apply. »
Property must be a single family residence or FHA approved condo.
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580 Minimum credit score.
must show that borrower is the owner or » Reports renter of the affected property. »
Loan application must be dated within one year of the President’s declaration of disaster.