What credit score and down payment are required?

Like other FHA loans, a 580+ score qualifies for 3.5% down; 500-579 requires 10% down.

FHA 203(h) Disaster Victims Loan

100% financing for homeowners in declared disaster areas.

Overview

The FHA 203(h) Disaster Victims Loan is part of the FHA's suite of government-insured mortgage programs. Like all FHA loans it requires mortgage insurance (an upfront premium of 1.75% plus an annual MIP), allows low down payments, and accepts lower credit scores than most conventional financing.

Who it's for

This program fits borrowers who want the specific flexibility it offers while keeping FHA's low barriers to entry. As with any FHA loan, the home must be your primary residence and meet FHA's minimum property standards.

Key things to know

Minimum 3.5% down payment with a 580+ credit score.
Loan amount is capped by the FHA limit for your county (floor $541,287, up to $1,249,125 in high-cost areas).
FHA mortgage insurance applies; factor MIP into your monthly payment.
Program rules are set by HUD and updated periodically.

Program guidelines change. Get a heads-up when HUD updates the FHA 203(h) Disaster Victims Loan — join the free notification program.

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Frequently Asked Questions

What is the FHA 203(h) Disaster Victims Loan?: 100% financing for homeowners in declared disaster areas.
What credit score and down payment are required?: Like other FHA loans, a 580+ score qualifies for 3.5% down; 500-579 requires 10% down.