Both of the below programs are administered by the Federal Housing Administration (FHA).
Section 203(h) Mortgage Insurance for Disaster Victims helps survivors in presidentially-designated disaster areas to obtain mortgages to purchase a new home or rebuild their home that was damaged by a disaster.
Section 203(k) Rehabilitation Mortgage Insurance enables homebuyers and homeowners to either finance both the purchase (or refinancing) of a house and the cost of its rehabilitation through a single mortgage, or finance the rehabilitation of their existing home. Money may be used for rehabilitation efforts ranging from relatively minor to virtual reconstruction.
Am I eligible?Section 203(h) Mortgage Insurance for Disaster Victims: You must be a homeowner of a one-family home serving as your primary residence, that was in destroyed during a Presidential-declared disaster with individual assistance.
Section 203(k) Rehabilitation Mortgage Insurance: You must be able to make monthly mortgage payments and be rehabilitating a home that is at least one-year old, that has been impacted during a Presidential-declared disaster with individual assistance.
Check if your county or reservation has a disaster declaration.
How do I apply?Online: To apply, contact an Federal Housing Administration (FHA)-approved lender.
For more information visit:
Section 203h Mortgage Insurance for Disaster Victims program.
Section 203(k) Rehabilitation Mortgage Insurance program.
In-Person: Locate your local FHA Homeownership Center.
Phone: 1-800-225-5342
Email: info@fhaoutreach.com
