American Pacific Mortgage Blog

Disaster Relief for Wildfire Victims

Written by American Pacific Mortgage | October 25, 2017 at 12:14 AM
If your home has been destroyed or severely damaged in a Presidentially declared disaster area, we can help through the FHA 203(h) Disaster Relief Loan.

The FHA 203(h) mortgage may be used to finance the purchase of a new home with no down payment and favorable terms. 
  • 100% financing available
  • Financing options available for FICO scores as low as 640
  • FHA mortgage limits range from $275,665 to $636,150 in high cost areas
  • No borrower income limit
Two other important details to know about this program are: 
  • If you plan on  purchasing a new home, the new home need not be located in the area where the previous house was located. 
  • Renters that were displaced within a declared disaster area are also eligible for this program. 
In this time of hardship and loss, we send our deepest sympathies and can only hope for a sense of calm and safety to be restored for you as soon as possible. Please feel free to contact us if you have questions about this loan program.