Home Mortgage Insurance for Disaster Victims Program
Through Section 203(h), the Federal Government helps survivors in presidentially-designated disaster areas recover by making it easier for them to get mortgages and become homeowners or re-establish themselves as homeowners.
Home Mortgage Insurance for Disaster Victims Program Requirements
Individuals are eligible for this program if their homes are located in an area that was designated by the president as a disaster area and if their homes were destroyed or damaged to such an extent that reconstruction or replacement is necessary. Insured mortgages may be used to finance the purchase or reconstruction of a one-family home that will be the principal residence of the homeowner.
Who is eligible for Home Mortgage Insurance for Disaster Victims Program?
Individuals are eligible for this program if their homes are located in an area that was designated by the president as a disaster area and if their homes were destroyed or damaged to such an extent that reconstruction or replacement is necessary. Insured mortgages may be used to finance the purchase or reconstruction of a one-family home that will be the principal residence of the homeowner.
Home Loan For Regular Purchase Program BenefitsWhat are the loan terms for Home Mortgage Insurance for Disaster Victims Program?
Please contact an Federal Housing Administration (FHA) approved lender for loan term information.
| Max Loan Length | N/A |
| Interest Rate | N/A |
| Max Loan Amount | N/A |
| Payment Frequency | N/A |
| Prepayment Penalties | Cell |
| Repayment Period | N/A |
| Max Loan Length | N/A |
How do I apply for Home Mortgage Insurance for Disaster Victims?
The borrower's application for mortgage insurance must be submitted to the lender within one year of the president's declaration of the disaster. Applications are made only through an Federal Housing Administration (FHA) approved lending institution. To obtain an FHA insured mortgage, or lookup lender information, contact an FHA-approved lender.
7 a Small Business Loan Program BenefitsHome Mortgage Insurance for Disaster Victims Application Process
The borrower's application for mortgage insurance must be submitted to the lender within one year of the president's declaration of the disaster. Applications are made only through an Federal Housing Administration (FHA) approved lending institution. To obtain an FHA insured mortgage, or lookup lender information, contact an FHA-approved lender. 1-800-225-5342
How can I contact someone?
To read more about this program, go to HUD Mortgage Insurance for Disaster Victims. Contact a U.S. Department of Housing and Urban Development (HUD) Housing Counseling agency. To contact the Federal Housing Administration (FHA), please use one of the following methods:
Visit: The FHA Resource Center
Write to: U.S. Department of Housing and Urban Development
Federal Housing Administration
451 Seventh St., SW
Washington, D.C. 20410
Call: 1-800-CALL-FHA (1-800-225-5342) or via Federal Information Relay Service (w/TTY): 1-800-877-8339
Email: [email protected] - 1-800-225-5342