203(h) Mortgage Insurance for Disaster Victims and 203(k) Rehabilitation Mortgage Insurance
203(h) Mortgage Insurance for Disaster Victims and 203(k) Rehabilitation Mortgage Insurance
Managing Agency:
Program Description
Section 203(h) Mortgage Insurance for Disaster Victims helps survivors get a mortgage to buy a new home or rebuild their damaged one.
Section 203(k) Rehabilitation Mortgage Insurance gives home buyers and owners two options:
- Buy or refinance a house and its rehabilitation costs with a single mortgage, or
- Finance the rehabilitation of their existing home.
Money may be used for rehabilitation work ranging from minor to total reconstruction. Section 203(k)-insured loans can finance:
- Residential section rehabilitation of a property that also has non-residential uses.
- Conversion of any size property to a one- to four-unit structure.
General Program Requirements
To qualify for Section 203(h) Mortgage Insurance for Disaster Victims, you must:
- Own a one-family home damaged or destroyed during a presidentially declared disaster, and
- Use this home as your main residence.
To qualify for Section 203(k) Rehabilitation Mortgage Insurance, you must:
- Be able to make monthly mortgage payments, and
- Be rehabilitating a home at least one year old.
Application Process
To apply, view the lender list to find an approved lender near you.
If you apply under Section 203(h), your application must be sent to the lender within one year of the disaster declaration.
Program Contact Information
To learn more, visit the U.S. Department of Housing and Urban Development (HUD) program pages:
- Mortgage Insurance for Disaster Victims Section 203(h)
- Section 203(k) Rehabilitation Mortgage Insurance
If you have questions, contact our FHA Resource Center. Or you may call:
- 1-800-CALL-FHA (1-800-225-5342)
- TTY 1-800-877-8339
You may also:
- Visit the FHA Homeownership Center page to locate a center near you.
- Email us at answers@hud.gov.
- Contact a HUD-approved housing counseling agency at 1-800-569-4287.