100% FHA Financing 203(h)
How Does this Work?
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.
1. Borrower must have made their April mortgage payment.
2. No Down-payment is required.
3. Works the same as a standard FHA loan – there will be an upfront fee and monthly mortgage insurance.
4. Property appraisal and inspection fees are set by FHA.
Borrower’s mortgage application must be submitted to the Lender within one year of the President’s declaration of the disaster.
Margie Morris
Mortgage America
NMLS Lic# 198905
CELL: 334-657-1338
FAX: 334-351-0575
margiem@mortgageamerica.com
www.margie-morris.com
"Central Alabama's Real Estate Powerhouse" Serving Prattville, Montgomery, Wetumpka, Millbrook
Malia Ragan, Realtor
Malia Ragan, Realtor -Trust a Professional Who is Committed to Giving Quality Service in Today's Real Estate Market
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About Me
- Malia
- Retired IT Functional Systems Analyst and currently working in the fast paced and often challenging world of real estate sales and marketing.
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