FHA 203(h) Loan

The FHA 203(h) loan is specifically designed to help people who have endured life-changing events that occur in a Presidentially Declared Major Disaster Area (PDMDA). This government-backed loan is a great first step to help when it is time to rebuild, repair and recover.


Is It Right for You?

A generous solution for homeowners whose home was damaged, or destroyed, and are seeking flexible options to finance minor or major repairs; must be within one year of the disaster unless extended by the federal government.


Is It Right for Your Situation?

Primary residence, single family and 2-4 unit properties, condos and townhomes, Planned Unit Developments (PUDs), and manufactured double-wide homes; maximum loan amounts vary by county (FHA Mortgage Limits by County).


Features and Benefits

  1. Can be used to repair, rebuild or refinance your current home
  2. Can be used to purchase or build a new home outside of the disaster area
  3. Up to 100% financing available (no down payment required)
  4. Can roll-in up to 6 months of mortgage payments that can be used for living expenses
  5. Qualification and credit history requirements are flexible (Pre-disaster credit is considered)


Recovering from a state of disaster is something we all hope to never encounter but when it happens, Gateway stands ready with the FHA 203(h) and other programs that can help you and your family make your house feel like home again. If you have been affected by a federally-declared disaster, please visit www.DisasterAssistance.gov, www.FEMA.gov, and the American Red Cross for more available resources.

Ready to get expert advice and determine what works best for your personal situation? Contact one of our local, caring mortgage professionals at a Mortgage Center Near You.