Quote:
Originally Posted by craigster59
After the Northridge quake if you didn't have earthquake insurance (many Californians don't, not required by mortgage companies) you get assistance through FEMA in the form of an SBA loan.
Contrary to what goes around after disasters, these aren't "grants" and they don't get magically "forgiven" after a few years of payment. You pay the full amount although the interest rate is much lower than a conventional loan.
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That is correct, Craig. A loan must be paid back.
FEMA also provides GRANTS....which do not have to be paid back.
These will be of considerable help for those who are not insured....providing they qualify.
CAL FIRES/WIND FEMA page