We are pleased to offer FHA 203(H) loans with 100% financing to those who have been displaced from their current home because of Hurricane Florence.
Recovering from a major disaster is never easy, especially when a loved home is destroyed. With this product, we can make a major difference in helping borrowers get into a new home quickly.
FHA financing for home buyers in Presidentially Declared Major Disaster Areas (PDMDAs)
The FHA 203(h) loan is designed specifically for disaster victims who are replacing a lost home and is available for single-family properties and FHA-approved condominium units. Features include:
- 100% financing, no down payment required
- Displaced homeowners and renters may qualify
- 15- and 30-year fixed-rate loan terms
- Minimum FICO scores from 580
- High-balance loans allowed
- Gift funds supplied by friends and family members may be allowed.
If you know someone whose house or apartment was damaged from Hurricane Florence, contact Bill or Justin today.
*Subject to Lending/FHA underwriting guidelines for the 203(H) program. Your home must have been destroyed or damaged to such an extent that reconstruction or replacement is necessary. Your damaged home may be rebuilt or a new home may be purchased inside or outside the disaster area.
Call Bill or Justin (910) 791-1337
or fill out the form below with your questions: