FHA 203(h) loans may allow borrowers in presidentially declared major disaster areas to rebuild damaged homes or purchase a new home with no money down.
Wildfires have become an increasing problem for homeowners across the country. That’s why it’s important to know what to do if you have been affected by one.
The home is only as resilient as the weakest link in the system of things that work together to provide the highest level of protection from a wildfire.
The safety of you and your family should be your first priorities after a hurricane. If you are evacuated, do not return to your home to assess the damage or salvage belongings until you are given the all-clear.
The two biggest risks that homeowners face from hurricanes are wind damage and flooding, according to experts.
Home insurance provides a safety net for homeowners, protecting them from unexpected financial burdens when their pipes burst or the roof begins to leak. However, many homeowners may not realize that potential damages, which can be very expensive to remedy, may not be covered in their insurance policies.
If you use a standard itemized deduction when filing taxes, the mortgage interest deduction allows you to subtract your mortgage interest from your taxable income.
Borrowers who want to buy a home in a federally designated flood hazard area using a Federal Housing Administration mortgage are required to secure flood insurance, but for many years, the only way to get that insurance was through the National Flood Insurance Program. But that might not be the case for much longer.
From Carolina hurricanes to California wildfires, natural disasters are striking with increasing vengeance, carving a trail of destruction across communities nationwide. For 2017, the National Oceanic and Atmospheric Administration (NOAA) estimated the total cumulative damage of floods, fires, and other weather-related catastrophes totaled $306.2 billion, a U.S. record.
New American Funding cares about your safety after a hurricane and we are dedicated to assisting those who have experienced damage to their home or have financial difficulty due to the impact of a natural disaster.