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Mortgage Insurance for Disaster Victims: Section 203(h) & Section 203(k) Rehabilitation Mortgage Insurance

Writer's picture: Kirk CarlsonKirk Carlson

EXP Real-estate Agent: Griselda Carlson 951 567 9273 griselda.ortega@exprealty.com


The Federal Housing Administration (FHA) offers valuable mortgage insurance programs to assist individuals in recovering from disasters and rehabilitating homes. These programs help make homeownership more accessible, especially for those impacted by natural disasters. Below is a detailed overview of the Section 203(h) Mortgage Insurance for Disaster Victims and the Section 203(k) Rehabilitation Mortgage Insurance programs.

The Section 203(h) program is designed to help survivors of presidentially declared disasters secure a mortgage to purchase or rebuild a home. This initiative supports homeowners by providing mortgage insurance that facilitates home financing without the traditional barriers.

Eligibility Requirements:

  • The home must be a one-family residence damaged or destroyed in a presidentially declared disaster.

  • It must have been the applicant’s primary residence before the disaster.

  • Applicants must apply within one year of the disaster declaration.

Section 203(k) Rehabilitation Mortgage Insurance

The Section 203(k) program provides financing options for both home buyers and existing homeowners to purchase, refinance, and rehabilitate their homes under a single mortgage. This program is ideal for those looking to make repairs and improvements, including disaster-related renovations.

Program Benefits:

  • Obtain a single mortgage to buy or refinance a home and cover rehabilitation costs.

  • Get financial assistance to rehabilitate an existing home, ranging from minor repairs to major renovations.

Eligibility Requirements:

  • The home must be at least one year old.

  • Applicants must be financially stable and able to make monthly mortgage payments.

Application Process

If you are interested in applying for these programs, follow these steps:

  1. Find an FHA-Approved Lender: View the lender list to locate an approved lender near you.

  2. Apply Within the Required Time Frame:

    • For Section 203(h), apply within one year of the disaster declaration.

    • For Section 203(k), ensure the home meets eligibility requirements before applying.

Get Assistance

For further inquiries or assistance, you can:

These FHA programs are designed to support individuals in rebuilding and improving their homes after disasters. By utilizing these resources, homeowners can move forward with confidence, securing the financial assistance they need to restore stability and rebuild their lives.

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