For disaster victims whose primary residence within a Presidentially-Declared Major Disaster Area (PDMDA) was destroyed or damaged to such an extent that reconstruction or replacement is necessary. The FHA 203h disaster loan allows these victims to more easily purchase a Single Family Property as their principle residence.

Eligibility:

• FICO’s as low as 580
• Your previous residence (owned or rented) must have been located in a federally declared disaster area and be destroyed or damaged to such an extent that reconstruction or replacement is necessary.
• The purchased property must be a single family property or a unit in a FHA-Approved condominium
• These loans are for principle residences only-there’s is an occupancy requirement for the FHA 203(h)
• Generally, borrowers have up to one year from the date the disaster was declared

Benefits:

• Purchased a home for primary residence to replace your flood damaged home
• 100% financing available
• No down payment required
• Max LTV 100% of the adjusted value
• Options available for no out-of-pocket expense
• 15 and 30 year fixed terms available

How do I get started?

Just call Kelly Ritz at 281-578-3566.

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What is Heroes Home Advantage™?

Heroes Home Advantage™ is our rebate program. It is a way to say thank you to America’s HEROES for their service to our country and communities.

Who qualifies as a hero?

Military (active, reserves and veterans), teachers, firefighters, law enforcement, medical personnel and certified first responders.

How much will I save?

Use the calculator above to get an estimate of savings. The dollar amounts are estimate. Rebate amounts may vary based on sale price of the home; special circumstances including, but not limited to, new construction. You must be under contract and represented by Kelly Ritz with Champions Real Estate Group at closing to be eligible.

Is there a fee?

No and no lengthy forms to fill out.

What if I am already working with an agent?

You must be under contract and represented by Kelly Ritz with Champions Real Estate Group at closing to be eligible. If you are currently represented by a real estate agent, it is not our intent to solicit your business.

How do I get started?

Just call Kelly Ritz at 281-578-3566.

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Average savings is based on the average home purchase/sales price of $250,000.

Heroes Home Advantage™ is a registered trademark. Any reproduction in whole or in part without written permission is expressly prohibited by law.