Assistance for Victims of Hurricane Harvey
September 1st, 2017
In the aftermath of such a horrific storm (hurricane Harvey, August 2017), HUD announces disaster assistance for victims of Harvey. HUD annouced the following will be made available:
- Speed federal disaster assitance to the State of Texas to provide support to homeowners and low income renters forced from their homes due to the hurricane.
- Immediate foreclosure relief, in form of 90 day moratorium on foreclosures in process (for FHA insured homes).
- 100% financing options, it will be available for disaster victims who qualify to purchase a new home (FHA financing).
- 203(K) loan programs for disaster victims who lost their homes and would like to refinance current home/mortgage to include repairs of the home into a single mortgage.
I am here to help anyone who needs assitance navigating what options you need to consider. Feel free to contact me with questions or guidance! Be safe and continue to be #HoustonStrong!
Source: HUD.gov ; Press Release August 28, 2017
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