Disaster Relief Loan Program

CONSUMER DISASTER RELIEF SECURED HOME IMPROVEMENT LOAN

When disaster hits home, get relief during repairs with predictable monthly payments at a low rate. As recovery begins, we will be here with the service, resources and local support for those living in a FEMA-declared disaster area.

Annual percentage rate (APR)
  • Rate:  Fixed (WSJ Prime); 4.25 APR*

*Rate is subject to change without notice.

Terms
  • Loans up to $50,000: Three monthly interest-only payments followed by 240 monthly principal and interest payments based on 20 year amortization
  • Loans greater than $50,000: Six monthly interest-only payments followed by 240 monthly principal and interest payments based on 20 year amortization
Loan to value
  • 100% maximum for primary residence loans
  • 90% maximum for secondary residence loans
Loan amount
  • Frost will finance up to 100% of your contract repair costs; loan not to exceed $250,000
Fees
  • No fees, except appraisal fee if required or requested

Payment Example: A loan of $100,000 for 20 years at an annual percentage rate (APR) of 4.25% would yield an interest-only payment of $177.08 per month (for the first six months based on a 4.25% APR) and a principal and interest payment of $619.23 per month (based on 240 payments at 4.25% APR).*

For a full loan calculation, and additional payment examples, download our Disaster Relief Loan Worksheet.

How to apply

Call a Frost Banker to apply at 1-866-FROST-TX (1-866-376-7889). Be sure to have:

  • your government issued photo ID such as a driver's license, state ID or U.S. Military ID
  • your Social Security number
  • a FEMA Registration number, or confirmation that FEMA submission is in process

This is not a commitment to make a loan. This information is provided to assist in the estimate and negotiation of a specific consumer transaction. All loans are subject are to credit approval.
Equal Housing Opportunity