FHA 203(h) Program
Did you know that the borrower is allowed to pay for both the Home Inspection for the destroyed property, as well as, the Appraisal for the new home purchase?
Recently, Fairway presented a webinar to review the FHA 203(h) program. The program allows the Federal Housing Administration (FHA) to insure mortgages made by qualified lenders to victims of a major disaster who have lost their homes and are in the process of rebuilding or buying another home.
Note: Fairway Wholesale Lending is accepting purchase only transactions at this time.
See below for more information on the FHA 203(h) Program