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Help Disaster Victims replace their homes

We are pleased to offer FHA 203(H) loans with 100% financing

Recovering from a major disaster is never easy, especially when a loved home is destroyed. With 203(H) Loans, Rainbow Funding can help make a difference by getting disaster victims into a new home quickly.

FHA financing for homebuyers in Presidentially Declared Major Disaster Areas (PDMDAs)

The FHA 203(h) loan is designed specifically for disaster victims who are replacing a lost home, and is available for single-family properties and FHA-approved condominium units.

Features include:

  • 100% Financing-No down payment required
  • Displaced homeowners and RENTERS may qualify
  • 15- and 30-year fixed-rate loan terms
  • Minimum FICO scores from 600
  • High-balance loans allowed
  • Gift funds supplied by friends and family members may be allowed
  • Current mortgages on damaged homes will not be factored in
  • For every 203 (H) Loan, Rainbow Funding will donate $250 to the Butte County School District to help students who lost their homes, get textbooks, clothes and more

To learn more about this product contact us.