By now everyone has demoed there drywall, insulation, cabinets and flooring. What’s left is a shell that “used to be” your house. Now its either time to restore it to it’s glory, or sell it and move on.
The majority of homeowners consider rebuilding to be the best and possibly the only option available to them. Some can afford to do this, others can’t. If you belong to the latter, you may qualify for an FHA 203(h). A 203(h) is a program that allows the Federal Housing Authority to insure mortgages made by banks to people in Presidentially declared disaster areas. Follow this link to www.hud.gov for details.
The program provides 100% financing for your rebuild, and is available to all those affected by Harvey. All applicants are subject to FHA mortgage limit requirements. See FHA Mortgage Limits to see if you qualify.
So if FEMA isn’t helping, or you’ve run out of money for repairs and absolutely do not want to sell your house, the 203(h) could be the answer to your problems. There is a 1 year deadline to apply (from Aug. 25th), so we encourage all those affected who need assistance to apply immediately.
This program exists to help people rebuild after natural disasters. Even if you do qualify it might not be the best option for you long term. You should always consult your financial adviser before making financial decisions. You should explore all your options and make the best decision after you have all the information you need to make it.
If you do decide to sell your house we hope you’ll give APEX Home buyers a call at 844-388-APEX(2739) so we can get you a fair cash offer for your house. Just because your house flooded doesn’t necessarily mean you have to sell for pennies on the dollar. Give us a call TODAY!
We’re Here to Help.
– APEX Home Buyers