FHA 203(h) Loan
The 203(h) loan program, a specialized offering by FHA, provides up to 100% financing to aid individuals affected by disasters. It serves to assist in purchasing new properties or reconstructing existing homes post-catastrophic damage.
This loan is specifically designed for individuals whose primary residence faced destruction or substantial damage necessitating rehabilitation or replacement within a Presidentially Declared Major Disaster Area (PDMDA).
Residents residing in areas declared as disaster zones by the President, experiencing severe home damage or destruction, qualify for this specialized program.
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