FHA 203(h) Mortgage Insurance for Disaster Victims
By Julie Chroust, NMLS# 249458, Senior Loan Officer
(Julie Chroust, Bay Equity Home Loans, LLC)
Some of you may have heard of the loan program to assist victims that are recovering from the Camp Fire or the Carr Fire. BUT did you know that if you were a renter who lost their home or your home was severely damaged, you’re also eligible to apply for this special program that offers 100% financing through FHA’s 203(h) program? Did you know that if you’d like to purchase a new home, it doesn’t need to be within the area of the recovering site?This is a pretty big deal for those renters who would now like to purchase… There are some rules and time-frames to abide by, so give me a call or send me a message and we can discuss your situation and see if you can take advantage of an opportunity to start fresh in a home with ZERO Down Payment. Video
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