FHA 203H

FHA 203H Loan

Home financing is available for borrowers in Presidentially-declared major disaster areas (PDMDA) to assist those impacted by disasters with the government-sponsored FHA 203h** loan program.


  • Minimum 500 FICO
  • 100% financing on purchases for homeowners or renters whose homes were destroyed
  • Refinance available for those whose homes were not destroyed but need repairs, refurbishing, or rebuilding (restrictions apply)
  • Property must have been within a presidentially-declared disaster area*
  • Borrower may be a prior homeowner or renter
  • Borrower must have been a principal resident of the property (documentation is required to evidence residency: valid driver’s license or utility bill)
  • Property may be rebuilt or purchased (for purchases, the property isn’t required to be located in the same area as the previous residence)
  • Mortgage rating required for current 12-month history prior to the declared disaster (1 unit SFR residences, manufactured homes (min. double wide), PUDs and FHA-approved condo)

*Previous residence must be documented and verified to be in a PDMDA and destroyed or damaged to the extent that reconstruction or replacement is necessary. FEMA PDMDA verification required, in addition to documentation from a 3rd party that the home is not habitable as a result of the disaster. New case number must be assigned within one year of the date that the PDMDA is declared.

**FHA Mortgage Insurance is required. Ask your Loan Officer for details.