Disaster Relief Home Mortgages
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FHA 203H Disaster Relief Home Mortgage Lender
At Capital Home Mortgage Arizona, we are committed to providing Arizona Disaster Relief Home Mortgages to disaster victims with the support they need to rebuild or purchase a new home following a natural disaster. We offer a range of options, including Arizona Disaster 203H Home Mortgages and Arizona 203K FHA Renovation Loans, designed to help you navigate the recovery process.
As a trusted Arizona FHA 203H Mortgage Lender, we manage the entire lending process from start to finish. Our in-house processing and underwriting teams enable quick, sensible approvals and timely closings, ensuring you have complete control over every aspect of the application and funding process.
Call today (800) 804-5181 to talk to one of our 203H Loan Officers about a FHA 203H Home Loan.
For Arizona Disaster Victims, FHA catastrophe loans are popular if you’ve been affected by a natural disaster in your area. FHA home loans can be beneficial as disaster relief loans. Section 203(h) of the National Housing Act allows the Federal Housing Administration to offer a mortgage for disaster-affected homeowners.
FHA 203H Home Loans
203H Key Points
- Purchase a New Home
- Primary Residence Only
- Minimum Credit 500
- Maximum LTV 100%
- Rates are 30 Year Fixed
- Max Loan in County Limits
How Does the FHA 203H Work?
- In the wake of recent natural disasters, FHA 203H Home Loans have gained popularity as a vital resource for those affected. This program has been particularly relevant, which has experienced devastating hurricanes.
- The FHA 203H mortgage insurance program is specifically designed to assist victims in federally designated disaster areas as declared by the President. It aims to support borrowers during the first year following a disaster, helping them become new homeowners or enabling those who lost their homes to rebuild or purchase a new one.
- By providing access to affordable mortgage options, the FHA 203H Home Mortgage Program plays a crucial role in the recovery process for disaster-affected communities.
Benefits of FHA 203H Home Loans
- The benefits of the FHA 203H Home Loans are numerous and quite similar to what other FHA-insured mortgage loans offer.
- No down payment: This benefit is one of the unique features of the 203H loan program, especially compared to other FHA loan programs. The program allows victims of disasters to finance 100 percent of the home value up to the loan limits permitted in their area.
- Limited Closing Fees: Like any other FHA-insured loan program, 203H home loans have limits set by the Federal Housing Administration. The agency defines many of the fees that can be charged by lending institutions for processing and closing a loan.
- Relaxed Credit Requirements: To help disaster victims get back on their feet as soon as possible and consider their condition after such an occurrence, the FHA offers programs to individuals with relatively marginal credit. This is unlike many conventional loans, which explains the popularity of FHA-insured loans such as the 203H and 203k loans.
Apply for a FHA 203H Home Mortgage Loan...
As mentioned earlier, you can apply for a 203H home loan if you resided in a Presidentially-declared disaster area within the last twelve months and your home has been significantly affected by the disaster. Like other FHA-insured loans, applications for the 203H Home Loan and any other such loans designed for disaster victims are to be made through FHA approved lending institutions. No one wishes for natural disasters. However, there is help to facilitate a fast recovery.
Call today (800) 804-5181 to talk to one of our 203H Loan Officers. We are here to assist you with disaster relief loans.
Common Question & Answers for 203H Home Loans
The "Big Benefit" Questions
- Is it true there is zero down payment? Answer: Yes. The 203(h) is one of the only 100% financing programs available. You do not need a down payment. However, you are still responsible for closing costs, though these can often be paid by the seller (up to 6%) or covered through a slightly higher interest rate.
- Do I have to rebuild in the same spot? Answer: No. While your home must have been in a declared disaster area (like a fire-scorched part of Coconino County or a flooded area in Maricopa County), you can use the 203(h) loan to buy a new primary residence anywhere in the country.
- I was a renter, not a homeowner. Can I use this? Answer: Surprisingly, yes. If the home you were renting was destroyed or severely damaged, you are eligible to use a 203(h) loan to buy a home for the first time with 100% financing.
Eligibility & Requirements
- How do I prove my home was destroyed? Answer: You will need documentation such as an insurance claim report, a FEMA damage assessment, or photos of the destruction. Your lender will also verify that your home was in a PDMDA during the specific dates of the disaster.
- Is there a deadline to apply? Answer: Yes. You must submit your application to an FHA-approved lender within one year of the President’s disaster declaration date.
- What is the minimum credit score? Answer: Federal guidelines allow for scores as low as 500, though most Arizona lenders prefer a 580 or higher. If your credit was good before the disaster but dropped because of it, lenders are encouraged to be more lenient.
Combining Loans (203h vs 203k)
- What if I want to stay and rebuild my damaged house? A: You can combine the 203(h) with a 203(k) loan.
- 203(h): Provides the “purchase” or “refinance” foundation with no down payment.
- 203(k): Provides the specific funds needed for the actual construction and repairs.
- The Result: One single mortgage that covers both the property value and the cost of the rebuild.
Financial Limits For Disaster Relief Home Loans
- How much can I borrow in my county? A: The 203(h) is subject to standard FHA loan limits, which vary by county. In 2026, these limits are generally higher in metro areas.
Quick Comparison: Chattel vs Traditional Mortgage
| Feature | Standard FHA (203b) | Disaster FHA (203h) |
| Down Payment | 3.5% | 0% (100% Financing) |
| Primary Goal | Standard Home Purchase | Recovery from Disaster |
| Eligibility | Anyone qualified | Disaster victims only |
| Insurance | Upfront and Monthly Mip | Upfront and Monthly Mip |
Why Borrowers are Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Competitive Rates & Fees
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Exceptional Service
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Disaster Relief Mortgage Team
Home Mortgage Programs
Home Purchase loans
Looking to Purchase a Home?
Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
- Primary, 2nd Home, Investment
- Competitive Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Renovation Home Loans
Looking to Rehab a Home?
Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
FHA Home loans
Great 1st Time Homebuyers
FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket. Call today to get started.
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
va Home Loans
100% Financing for Vets
Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
Conventional Home loans
Flexibility for Homebuyers
Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
Jumbo Home Loans
Non-Conforming Home Loans
Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
USDA Home loans
100% Rural Home Loans
USDA Loans are a great option for families wanting to live outside of the city. Call today to speak with a loan officer to discuss your personal loan options.
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
Native american Home Loans
Hud 184 Home Loans
HUD 184 Home Loans are solely for Native American and offer a variety of benefits. Call today to speak with a loan officer to find out more.
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
Manufactured Home loans
Great Alternative Housing
Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
Reverse Mortgage Loans
Your Home at Work
Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
Non QM Home loans
Making Mortgages Possible
Looking for Non Traditional Home Mortgage Loan? Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
One Time Close Home Loans
Build Your Dream Home
Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan. Call today to see how a OTC loan works.
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
Refinance Mortgage loans
Rate & Term Refinance
Refinancing can be a hard decision and may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor for details.
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Cashout Mortgage Loans
Equity Mortgage Loans
Cash-Out Mortgage Loans make use of the equity in your home. Refinancing may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor.
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