Product Details

LoanDepot has announced a key FHA disaster-related mortgage loan product to help families whose homes have been damaged or destroyed by hurricanes Harvey and Irma. Loans made through the FHA 203(h) Mortgage Insurance for Disaster Victims program are designed specifically for hard-hit homeowners in presidentially-declared major disaster areas (PDMDA) and can be used in tandem with a similar FHA product, the 203(k) property rehabilitation loan. Use of the 203(h) product spiked...