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FHA 203(h) For Disaster Victims

100% Financing for those displaced in Federally Declared Disaster Areas


For Renters
Displaced renters get a fresh start and can purchase a home, anywhere.
For Homeowners
Homeowners can rebuild or repurchase in the location of their choice.

Features and Highlights

  • $625,500 Max Loan Amount
  • 580 FICO
  • 100% Financing
  • 15/30 Yr. Fixed, 3/5 ARM
  • Original home in a Federally Declared Disaster Area
  • Home must have been destroyed or damaged to such an extent that reconstruction or replacement is necessary
  • Borrower must have been permanent resident of a destroyed or substantially damaged residence
  • Borrower can be prior homeowner or renter
  • Home may be rebuilt anywhere
  • Borrower must submit application within one year of Major Disaster Declaration by the President
  • Eligible Properties
    • One-unit detached homes
    • One-unit detached home in a PUD
    • Units in FHA approved condominium projects
    • Property must meet HUD’s Minimum Property Standards and Minimum Property Requirements
  • Borrower must meet all other requirements for FHA qualification
  • Borrowers with existing mortgages on substantially damaged or destroyed property within the disaster area must show those mortgages are paid off






© 2019 Impac Mortgage Corp. NMLS #128231. Rates, fees and programs are subject to change without notice. Other restrictions may apply. Information is intended solely for mortgage bankers, mortgage brokers, financial institutions and correspondent lenders. Not intended for distribution to consumers, as defined by Section 1026.2 of Regulation Z, which implements the Truth-In-Lending Act. Licensed by the Department of Business Oversight, under the California Residential Mortgage Lending Act (License #4131083). Impac Mortgage Corp. dba Excel Mortgage. Equal Housing Lender.