I have heard some lenders require flood insurance on properties. Will you?

Federal Law requires all lenders to investigate whether or not each home they finance is in a special flood hazard area as defined by FEMA, the Federal Emergency Management Agency. Floods happen anytime, anywhere. The Flood Disaster Protection Act of 1973 and the National Flood Insurance Reform Act of 1994 help to ensure you will be protected from financial losses caused by flooding if you have a flood insurance policy.

We use a third party company which specializes in the reviewing of flood maps prepared by FEMA to determine if your home is located in a special flood hazard area. If it is, then flood insurance coverage will be required, since standard homeowner's insurance does not protect you against damages from flooding.