No money down on a home if your present home has been affected by the hurricane
The FHA 203(h) program is a Federal Housing Administration (FHA) loan specifically designed to help people affected by natural disasters, like hurricanes, purchase or rebuild a home. It provides an accessible way for victims of federally declared disaster areas to find stable housing quickly by offering favorable terms compared to traditional mortgages. Here’s a breakdown of how it works and its benefits:
Key Features of the FHA 203(h) Loan
Eligibility Requirements:
You must be a homeowner or renter whose home was destroyed or severely damaged in a disaster within a federally declared…
The skinny
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