No Down Payment for this FHA Loan

fha-203h-hurricane

You’ve heard about the standard FHA loan, or the 203(k). But what about the FHA 203(h)?

After Hurricane Irma ravaged Florida, this program will be enticing to many people who live in an area with a Major Disaster Declaration.

The 203(h) helps both renters and homeowners recover by making it easier to purchase a new home if their existing home (that they own or rent as a tenant) is affected by the disaster. This program requires NO DOWN PAYMENT and may be used to finance the purchase of a single-family home that will be a primary residence.

The counties listed below were declared by FEMA (https://www.fema.gov/disaster/4337):

Alachua, Baker, Bradford, Brevard, Broward, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie, Duval, Flagler, Gilchrist, Glades, Hardee, Hendry, Hernando, Highlands, Hillsborough, Indian River, Lafayette, Lake, Lee, Levy, Manatee, Marion, Martin, Miami-Dade, Monroe, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Suwannee, Union, Volusia

Appraisal Report Process Within A Natural Disaster Area

Appraisal after hurricane natural disaster florida

After a natural disaster occurs, such as a hurricane storming through the area, there are generally two kinds of properties regarding real-estate transactions needing appraisals: Properties that have already been inspected by an appraiser, and properties that have not been inspected.

Here’s some bullet points about these. Continue reading Appraisal Report Process Within A Natural Disaster Area

Appraisal Report Process After A Natural Disaster

Appraisal after hurricane natural disaster florida

After a natural disaster occurs, such as a hurricane storming through the area, there are generally two kinds of properties regarding real-estate transactions needing appraisals: Properties that have already been inspected by an appraiser, and properties that have not been inspected.

Here’s some bullet points about these. Continue reading Appraisal Report Process After A Natural Disaster

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