Are You Prepared for Hurricane Season?

Beyond preparing your home with supplies, are your prepared with the knowledge you need to recover if a national disaster strikes your home?  Many home-owners, and even renters, do not know about the Federal Housing Administration (FHA) disaster relief mortgage, or more specifically, the 203(h) loan. 

This loan is specifically for people who live in a Presidentially declared national disaster area, and is intended to help them repair and rebuild their homes.  The beauty of this loan is that it s a no-down-payment loan, so even those in a time of crisis can afford to take out the loan.  Also, what many individuals don’t know is that renters who lived in homes or apartment buildings destroyed by the disaster also qualify for the loan. 

This loan is specially tailored to fit the needs of disaster victims, so knowing the specifications now, instead of after a national disaster, can save you time in getting the loan and rebuilding after the disaster. ■