Through Section 203(h), the Federal Government helps survivors in presidentially-designated disaster areas recover by making it easier for them to get mortgages and become homeowners or re-establish themselves as homeowners.
Individuals are eligible for this program if their homes are located in an area that was designated by the president as a disaster area and if their homes were destroyed or damaged to such an extent that reconstruction or replacement is necessary. Insured mortgages may be used to finance the purchase or reconstruction of a one-family home that will be the principal residence of the homeowner.
The borrower's application for mortgage insurance must be submitted to the lender within one year of the president's declaration of the disaster. Applications are made only through an Federal Housing Administration (FHA) approved lending institution.
To obtain an FHA insured mortgage, or lookup lender information, contact an FHA-approved lender: