Disaster Relief for Displaced Home Ownwers / Renters

Hurricane Harvey took many peoples homes. Fortunatly, when the President declares an area a disaster area, it becomes elegible for some much needed mortgage programs.

One of those programs, the FHA 203(h), allows lender much more flexability when underwriting loans.

Some of the Highlights:

✅ Reduced Down Payment Requirements, allowing up to 100% financing.

✅Reduced documentation requirements. There is an understanding much could be lost or destroyed.

✅Reduced income verifications. It's hard to verify a previous employer if they no longer exsist.

✅Less emphasis on credit. If you your credit has been hurt by the disaster, that can be considered. However, credit before the hurricane will be looked at more closely.

📌To be eligible, an individual must provide proof the home is uninhabitable by either: insurance adjuster, licensed home inspector, engineer, or conclusive photo evidence. (Renters are also elegible)

📌Other guidelines will apply.

To get all the details, contact:

Marcel Deitrich

972.672.3246

Or, apply below:

Marcel Deitrich NMLS #231135

Branch Manager

Guaranteed Rate

9300 Johnhickman PKWY STE 602

Frisco TX, 75035

mdeitrich@rate.com

DallasRate.com