By Phil Ganz
Edited by Ryan Skerritt
As Florida braces for the upcoming Hurricane Milton, a variety of state and federal programs are available to assist residents impacted by this and past hurricanes like Helene.
These aid programs offer financial support for everything from housing repairs to small business recovery.
Verify Your 0-Down FHA 203(h) Loan Eligibility
Below is a comprehensive list of available resources.
FHA 203(h) Disaster Loan
The FHA 203(h) offers 100% financing with no down payment, flexible credit approval based on pre-disaster history, is available to homeowners and renters, can be used to buy or rebuild anywhere, and provides fixed-rate mortgage options for 15 or 30 years.
Program Type: Federal
Aid Amount: 100% financing
Usage: Designed for disaster victims, this loan provides the opportunity to buy or rebuild a home with no down payment, covering full financing costs.
Verify Your 0-Down FHA 203(h) Loan Eligibility
USDA Emergency Loan Program
Program Type: Federal
Aid Amount: Up to $500,000
Usage: Assists farmers and ranchers in restoring essential physical property and paying necessary living expenses after a natural disaster.
Verify your eligibility on the U.S. Department of Agriculture website
HUD FHA 203(k) Rehabilitation Loan
Program Type: Federal
Aid Amount: Amount varies
Usage: Allows homeowners to finance both the purchase and rehabilitation of a home through a single mortgage after a disaster.
Verify Your 0-Down FHA 203(h) Loan Eligibility
Disaster Unemployment Assistance (DUA)
Program Type: Federal
Aid Amount: $131 to $325 per week
Usage: Provides temporary unemployment benefits to individuals who lost their jobs or self-employment due to the disaster and are not eligible for standard unemployment insurance.
Verify your eligibility on the United States Department of Labor website
FEMA Individual Assistance Program
Program Type: Federal
Aid Amount: Up to $33,000
Usage: Provides essential financial support for temporary housing, repairs, and immediate needs like food, water, and medical supplies.
You can apply for assistance on the Federal Emergency Management Agency's website
SBA Disaster Assistance Loans
Program Type: Federal
Aid Amount: Up to $2 million for businesses; up to $500,000 for homeowners
Usage: Offers low-interest loans to cover uninsured losses, repair damaged property, and address economic injury caused by the disaster.
Verify your eligibility on the U.S. Small Business Administration website
Florida Small Business Emergency Bridge Loan Program
Program Type: State
Aid Amount: Up to $50,000
Usage: Short-term, zero-interest loans to help businesses recover from physical damage or economic loss until they secure longer-term financial solutions.
Small business owners in Florida seeking assistance are encouraged to visit www.FloridaJobs.org/EBL
Rebuild Florida Program
Program Type: State
Aid Amount: Approximately $616 million in total
Usage: Helps low-to-moderate-income families repair or replace homes damaged by hurricanes.
Verify your eligibility for this Florida Department of Commerce program on www.FloridaJobs.org/rebuildFlorida
Florida Disaster Nutrition Assistance (D-SNAP)
Program Type: Federal
Aid Amount: Varies based on household size
Usage: Offers temporary food assistance for families affected by disasters, helping them purchase essential groceries during recovery.
Verify Your Eligibility for Florida Disaster Nutrition Assistance
FEMA Public Assistance Program
Program Type: Federal
Aid Amount: Varies
Usage: Provides assistance to state and local governments for debris removal, emergency protective measures, and restoration of public infrastructure.
Get more information on www.FEMA.gov/assistance/public
With over 50 years of mortgage industry experience, we are here to help you achieve the American dream of owning a home. We strive to provide the best education before, during, and after you buy a home. Our advice is based on experience with Phil Ganz and Team closing over One billion dollars and helping countless families.
About Author - Phil Ganz
Phil Ganz has over 20+ years of experience in the residential financing space. With over a billion dollars of funded loans, Phil helps homebuyers configure the perfect mortgage plan. Whether it's your first home, a complex multiple-property purchase, or anything in between, Phil has the experience to help you achieve your goals.
About Editor - Ryan Skerritt
Ryan Skerritt has over 10+ years of experience in the residential financing space. With over two hundred and fifty million of funded loan volume, Ryan has the skill set to help any homebuyer configure the perfect mortgage plan.
