🆘 Rebuild After the Storm: FHA 203(h) Loans Explained 🌊

🌪️ FHA 203(h) Disaster Loans: Help for Hurricane-Hit Homeowners 🏠

July 31, 2025•2 min read

🌪️ FHA 203(h) Disaster Loans: Help for Hurricane-Hit Homeowners 🏠

🆘 Rebuild After the Storm: FHA 203(h) Loans Explained 🌊

🌪️ FHA 203(h) Disaster Loans: Relief for Hurricane-Affected Homeowners

If your home was destroyed or severely damaged in a federally declared disaster like a hurricane, the FHA 203(h) loan program might be your best path forward. This unique loan option, backed by the Federal Housing Administration, is designed to help homeowners and renters rebuild their lives and homes after natural disasters.

At Medallion Mortgage, we specialize in helping hurricane-affected families navigate the FHA 203(h) process with care and speed. Here's what you need to know:

✅ What is an FHA 203(h) Loan?

The FHA 203(h) program provides 100% financing to individuals whose primary residence was destroyed or severely damaged in a presidentially declared disaster area. It can be used to buy a new home or rebuild your existing one.

🛠️ Key Benefits of FHA 203(h) Loans:

· 0% Down Payment – Yes, you read that right. No down payment is required.

· Flexible Credit Requirements – FHA loans are more lenient on credit score history.

· No Need to Rebuild on the Same Lot – You can purchase a new home elsewhere.

· Can Be Combined with FHA 203(k) – For repair and renovation funding.

📍 Who Qualifies?

To be eligible:

· Your home must be in a FEMA-declared disaster area.

· You must have lived in the property at the time of the disaster.

· You need to apply within one year of the disaster declaration.

📂 What Documents Are Needed?

To apply for an FHA 203(h), you'll typically need:

· Proof of residency at the damaged property

· FEMA documentation

· Credit report and income documentation

Our team helps simplify this process and works with you step by step to secure funding fast.

📞 Ready to Rebuild?

Disaster doesn’t have to define your next chapter. Let Medallion Mortgage help you recover and rebuild stronger. Whether you're looking to buy a new home or finance a new build, we're here to serve Texas families impacted by hurricanes and other disasters.

https://www.billrapponline.com/

https://findamortgagebroker.com/Profile/WilliamRappJr28883

https://billrapp.commloan.com/

https://billrapponline.com/financingfuturescre-houston-katy

https://houstoncommercialmortgage.com/

https://author.billrapponline.com

https://doctorvideo.billrapponline.com/

https://veteransvideo.billrapponline.com/

https://mortgageviking.billrapponline.com/

https://fha203h.billrapponline.com/

https://renovationvideo.billrapponline.com

https://medallionfunds.com/bill-rapp/

https://www.amazon.com/dp/B0F32Z5BH2

https://veed.cello.so/FOmzTty6oi9

Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

Back to Blog