Program Description
The Federal Government helps victims in Presidentially designated disaster areas recover by making it easier for them to get mortgages and become homeowners or re-establish themselves as homeowners, through HUDs Section 203(h) program.
General 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.
Loan Terms
N/A
Application Process
For more information, see the Program Contact Information below.
Program Contact Information
Please visit the Section 203h Mortgage Insurance for Disaster Victims website at the following location for further information:
http://www.hud.gov/offices/hsg/sfh/ins/203h-dft.cfm
Managing Agency
U.S. Department of Housing and Urban Development
http://www.hud.gov/
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