What is The FHA 203h Loan? For Disaster Victims, find out more

Mortgage and Lending with www.DaveYourMortgageGuy.com - Legend Lending NMLS #293883

HUD(FHA) has a fantastic mortgage program for disaster victims called the FHA 203h. It is for someone who has been affected by a Disaster, such as Hurricane Harvey.  It allows them to buy a new home with 0% down payment.  Here are the specifics to know:


  1. The home must be in a President Declared Disaster Area, to verify this you can check with FEMA to see the affected Counties

  2. The FHA case number must be ordered within one year of the declared disaster. This means that they do not need to rush out to take advantage of this program, but rather use it later on when the time is right for them.

  3. Their personal home must have been affected. Or apartment, rented home, etc. But not a 2nd home or rental property owned.

  4. Documentation will be needed to show the home was destroyed or damaged to an extend that it needs to be repaired or replaced, etc.

  5. When buying a new home the mortgage payment on the current(destroyed or damaged home)can be ignored when qualifying if: 1. Proof that the borrower is working with the current mortgage company to appropriately address the current mortgage. 2. Also that all insurance proceeds are applied to that current mortgage.

  6. For the most part this loan follows regular FHA guidelines, thou you will want to check with your Lender on their required min credit score and any additional requirements they have. HUD says a min 500 credit score, but most lenders will have their own min credit score. Our needed min credit score is 600 for this program

  7. Late housing payments can be ignored if the borrower was not 3 months or more delinquent at the time of the disaster. Now while this is fantastic news, keep in mind there is still the needed min credit score. So, these late payments could lower their credit score to under the needed credit score.  

  8. Also, do not forget the FHA 203k is a fantastic program for financing repairs needed for your home after a disaster.

There is a lot to know when it comes to this program so make sure you are working with a knowledgeable Lender.


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David Krichmar 

Mortgage Banker NMLS#293883 

Legend Home Lending

LLC NMLS #229421

Has Written For Realtor Magazine, Houston Agent Magazine, Scotsman Mortgage Guide

Appeared On Fox Business


Named 5 Star Mortgage Professional 2013, 2014, 2015, 2016, 2017

Named Top Mortgage Professional 2010,2011




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If you are looking for a FHA, VA, USDA, Homepath, Conventional, Jumbo, Construction, FHA 203k mortgage in Fort Bend County, Sugar Land, Houston, Katy, Harris County, Brazoria County, Pearland, Richmond, Bellaire, West University, The Woodlands, Kingwood, Friendswood, Clear Lake, Galveston, Fulshear, Tomball, Spring, Conroe, Montgomery County or anywhere in Texas I am your GUY!  


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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

David Krichmar Many homeowners impacted by disasters can benefit from FHA 203H loan program.

Sep 04, 2017 12:13 PM #1
Tracy Lee Parker

Good information ! I hope you are helping alot of disaster folks with this loan.

Nov 28, 2017 08:32 AM #2
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, - Your Coastal Bend Home Source

Great information on FHA 203 K loans.  Thanks!

Nov 29, 2017 08:34 AM #3

This is Oceanic-finance we offer loans to individuals and companies around the world, we are registered and licensed loan company, Do you need a loan to pay your bills? do you need a loan to start up business ? do you need a loan to buy an apartment? we offer all kinds of loans, if you are interested in getting a loan of any kind simply Email: Oceanicfinance113@gmail.com or whats-app: +1(267)725-7570

Apr 18, 2018 05:46 AM #9
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