The Section 203(h) program allows the Federal Housing Administration (FHA) to insure mortgages made by qualified lenders to victims of a major disaster who have lost their homes and are in the process of rebuilding or buying another home.
Through Section 203(h), 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.
Type of Assistance: This program provides mortgage insurance to protect lenders against the risk of default on mortgages to qualified disaster victims. 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.
Eligible Customers: Anyone whose home has been destroyed or severely damaged in a Presidentially declared disaster area is eligible to apply for mortgage insurance under this program. Renters may qualify for this type loan if the home/apartment they were living in was in the Declared Disaster Area.
Author:Patricia Moore Phone: 225-362-2820 Dated: September 13th 2016 Views: 1,206 About Patricia: ...
View our latest blog posts in your RSS reader. Click here to access.
The Realty Executives brand has stood for integrity and quality for more than 50 years. As the tides change in many U.S. markets and throughout the world, the next generation of home buyers and sellers can expect the same level of expertise Realty Executives has long been known for, with top producing agents providing the best in cutting-edge, quality service and support to their clients.
So, browse around - whether you're looking for a starter home, a move-up home or an investment property, Realty Executives is focused on meeting your needs and helping you accomplish your real estate goals.
Heather Olinde, of St. Francisville, LA, says she "wanted
"My Realty Executives agent was well informed about market trends, counseled me every step of the way and negotiated to get the right price and terms to meet my goals. Her attention to detail made my experience as stress-free as possible.