The Help We Need After Harvey's Trauma

Hurricane Harvey’s catastrophic flooding has directly affected all of us in this area. Whether your home was flooded or not, we were all still out there helping friends, neighbors, and total strangers pick up the pieces and have all witnessed the overwhelming sadness and confusion. Here’s a few things that may help you overcome your struggles:

First of all, it’s important to know that if you DO have flood insurance, you MUST file a proof of loss within 60 days, or they may reject your claim. Many times, the NFIP extends the deadline, but play it safe!

There may be help for you if you’re delinquent on your mortgage. If you have an FHA-insured mortgage, live in an area that the President declared a disaster and are having difficulty making your mortgage payment, call your mortgage company! You may qualify for FHA disaster relief, such as a 90-day foreclosure moratorium, waived late fees, or a loan modification. The United States Department of Housing and Urban Development has instructed FHA lenders to use reasonable judgment in determining who is an affected borrower, so give your lender a call to see if they can help you.

More good news - Whether you’re a renter or a homeowner; if your home was affected by Hurricane Harvey, The United States Department of Housing and Urban Development has a mortgage program for disaster victims called the FHA 203h. This is a NO MONEY DOWN financing opportunity. Although most lenders have their own minimum credit score, HUD says the minimum credit score to qualify for this program is 500. This opens the door for many folks that haven’t been able to qualify for a mortgage loan in the past. Give your lender a call to see if you qualify, or if you’d like, you can contact Rachael Neville at Expedient Mortgage at the number below, and she can answer more specific questions about the program.

We hope you fared well through the storm, but if not, hopefully the above will provide some relief.

550 N. Egret Bay Blvd.
Suite 110
League City, TX 77573
Phone: (832) 225-2064


Rachael Neville NMLS #1216003
Expedient Mortgage NMLS #1651362
2600 South Shore Blvd
Suite 325
League City, TX 77573
Phone:(281) 686-5859

Click Here to Apply Online

Originally Posted on Brockway Realty LLC's Official Blog