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Post-Florence Disaster Relief Home Loan

FHA 203(h) Disaster Relief Loan

Article Courtesy of:

Ruth Roberts, Atlantic Bay Mortgage Group Ruth Roberts, Atlantic Bay Mortgage Group

The FHA 203(h) Loan

The Loan You Want and the Peace of Mind You Deserve

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The FHA 203(h) loan program offers a loan option to victims of major natural disasters who have lost their homes. The 203(h) loan provides more relaxed guidelines and requirements to borrowers in presidentially-declared disaster areas whose homes (rented or owned)  were destroyed or severely damaged. If you’ve recently been affected by a disaster, this loan option might help you get back on your feet.

An FHA 203(h) loan can be combined with an FHA 203(k) loan. The FHA 203(k) loan allows you to factor in the cost of repairs and remodeling, while limiting the amount of out-of-pocket renovation costs.


  • No down payment options available
  • Available up to one year after disaster
  • Property must be one a unit principal residence
  • Standard FHA mortgage insurance applies
  • Flexible requirements for those borrowers whose credit and employment may have been affected by the disaster 
FHA  203(h) Loan Guidelines
Minimum Credit Score  580
Minimum Down Payment  0%

If you have been affected by a natural disaster, it’s important to seek financial counsel to determine the right options for you. This is not intended to replace the advice of a financial professional. Underwriting requirements may vary based on individual client scenario. Other program restrictions may apply. Loan programs may change at any time with or without notice. Information deemed reliable but not guaranteed. All loans subject to income verification, credit approval, and property appraisal. Not a commitment to lend. Located at 596 Lynnhaven Parkway Suite 200 Virginia Beach, VA 23452.