100% Financing for Eligible Disaster Victims
If your home was destroyed or severely damaged in a federally declared disaster area, the FHA 203(h) program may allow you to purchase a replacement primary residence with no down payment required.
Program Highlights
- No down payment required for eligible borrowers
- Purchase a replacement primary residence
- Available after qualifying federally declared disasters
- Flexible FHA underwriting guidelines
- Time-sensitive eligibility window
Current Focus: Randall County, Texas
Homeowners impacted by recent federally declared disaster activity affecting Randall County and the Amarillo area may have FHA 203(h) disaster financing options available.
What Is an FHA 203(h) Disaster Loan?
FHA 203(h) is a special mortgage program for eligible homeowners whose primary residence was destroyed or severely damaged in a Presidentially declared major disaster area.
No Down Payment
Eligible borrowers may be able to finance up to 100% of the purchase price of a replacement home.
Replacement Home Purchase
The program is designed to help qualified disaster victims purchase another primary residence.
FHA Flexibility
Borrowers may benefit from FHA’s more flexible credit and underwriting guidelines.
How the Process Works
The first step is confirming whether your county and situation may qualify under the FHA 203(h) disaster loan guidelines.
Confirm Disaster Area
Verify that the property was located in an eligible federally declared disaster area.
Document the Damage
Gather proof that the prior residence was destroyed or severely damaged.
Review Mortgage Options
Discuss FHA 203(h), standard FHA, VA, USDA, conventional, and other available options.
Purchase Replacement Home
Move forward with financing for a new primary residence if eligible.
Who May Qualify?
Eligibility depends on the disaster declaration, the borrower’s prior residence, documentation, timing, credit, income, and FHA loan requirements.
- Borrower’s prior primary residence was in an eligible disaster area
- The home was destroyed or damaged to the point that replacement housing is needed
- The borrower intends to purchase and occupy a new primary residence
- The FHA case number is assigned within the required program window
- The borrower meets applicable FHA credit, income, and property guidelines
Documentation May Include
- Driver’s license, utility bill, voter registration, or other proof of prior residence
- Insurance claim documentation
- Inspection report or government disaster documentation
- Photos or other evidence of damage
- FEMA or local disaster-related records, when available
Resources for Realtors
Realtors in disaster-impacted areas can play an important role in helping affected homeowners understand replacement housing options.
- Help clients understand that no-down-payment FHA financing may be available
- Identify homeowners who may need to purchase replacement housing
- Share educational resources with your sphere of influence
- Request co-branded marketing support for affected areas
Visit Realtor Resource Center
Realtor CTA
If you are a real estate agent in Randall County, Amarillo, or another federally declared disaster area, let’s discuss how to help your clients evaluate FHA 203(h) options.
Schedule Realtor Call
Were You Impacted by a Federally Declared Disaster?
FHA 203(h) eligibility is time-sensitive. Schedule a consultation to review your county, your situation, and your available mortgage options.
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