Operation Blue Roof, which provides free tarps for damaged homes, opened for applications, and HUD announced a 90-day foreclosure moratorium on FHA-insured mortgages.
U.S. House Speaker Mike Johnson said new funding might not come until after the November election. Other disaster relief programs are available, including FEMA help.
Buyers should keep a close eye on their credit reports, control their debt-to-income ratio and maintain a strong employment record, among other things.
Contact your insurance company soon after a disaster to make a claim and document the damages. FEMA aid is available for some home and business owners.
Financial research shows disparities among various racial and ethnic groups. With solid credit, mortgage applications and other loans are more likely to be approved.
September saw an uptick in activity from both buyers and sellers, Zillow said. Southern states, including Florida, have tipped towards a buyer’s market.