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Homeowners can receive up to $500,000 to cover damages to primary home. Homeowners and renters can receive up to $100,000 to replace personal property, including vehicles.
Disaster Assistance for Homeowners & Renters
At Adviser1, we understand that disasters can strike unexpectedly, leaving a trail of devastation and uncertainty in their wake. Our core mission is to be there for you when you need us the most. Through our Disaster Assistance Financing program, we aim to provide support to help you.
When disaster strikes, the aftermath can be overwhelming and costly. Fortunately, the U.S. Small Business Administration (SBA) offers a lifeline through its disaster loan program, which provides long-term, low-interest loans to homeowners and renters alike.
No Payments: The first regular monthly payment is deferred for 12 months from the date of the initial loan disbursement.
No Interest Accrual: Interest does not begin to accrue during the first 12 months after disbursement.
Loan Terms: Repayment terms can stretch up to 30 years with fixed low interest rates capped at 4% for borrowers who cannot get credit elsewhere.
SBA disaster loans provide crucial support for homeowners and renters in the wake of a disaster. By offering low-interest, long-term loans, the SBA helps individuals and families rebuild their lives without the burden of high debt. Whether you own or rent your home, these loans are a valuable resource to consider as you navigate the path to recovery.
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