Capital Home Mortgage team powered by Sun West Mortgage Co., Inc. announced it’s offering a disaster relief home loan program explicitly designed for victims of Hurricane Ian. The Federal Government assists victims in Presidentially designated disaster areas in recovering by making it easier for them to obtain mortgages and become or re-establish themselves as homeowners under Section 203(h).
Available to all qualified buyers in most states, Capital Home Mortgage team powered by Sun West Mortgage Co., Inc. offers FHA 203(h) with no down payment option. The borrower is eligible for 100 percent financing. The borrower must pay the closing fees and prepaid charges with their own funds, or the seller can pay them through concessions, subject to a limitation of 6 percent.
HUD caps the maximum amount that may be insured. The FHA restricts the mortgage’s monetary amount to ensure its programs are accessible to those with low and moderate incomes.
Within a year of the President’s disaster proclamation, the borrower must submit an application for mortgage insurance to the lender. Applications are submitted through an FHA-approved lending institution. These lenders submit their requests under a clause known as “Direct Endorsement,” which enables them to examine applications without sending documentation to HUD.
Capital Home Mortgage team powered by Sun West Mortgage Company, Inc. is an approved FHA lender. “The people of Florida are resilient. We stand with them every step of the way as they begin to rebuild their lives,” according to Dale Gremillion, Managing Director of Capital Home Mortgage. “If you resided in a Presidentially-declared disaster area within the last twelve months and were displaced from your home by the disaster, you could apply for the loan,” he added.
About The Company:
Capital Home Mortgage, powered by Sun West Mortgage Company, Inc NMLS# 3277, a direct mortgage lender, is a full-service home mortgage company. Besides FHA 203(h) loans, CHM also offers mortgage products like VA Home Loans, Conventional Home Loans, FHA Home Loans, USDA Home Loans, Jumbo Home Loans, and Reverse Mortgages.
Media Contact
Company Name: Capital Home Mortgage, powered by Sun West Mortgage Company, Inc NMLS# 3277
Contact Person: Dale Gremillion – Managing Director
Email: Send Email
Phone: (800) 804-5181
Address:6131 Orangethorpe Ave., Ste. 500
City: Buena Park
State: CA 90620
Country: United States
Website: https://capitalhomemortgage.com/