Can a mortgage lender require me to buy flood insurance? | | Yes | 69% | | In most cases | 8% | | In some cases | 18% | | Not sure | 4% | | | | | Question: Can a mortgage lender require me to buy flood insurance? Top Answer (69% of 49 votes): Yes.
Answer: Yes
Explanation: If the property is in a flood zone, flood insurance is required in addition to hazard insurance. | | Presidential Bank Mortgage | Answer: In some cases
Explanation: If client is not in a flood zone then they don’t have to carry flood | | Truist Bank | Answer: Yes
Explanation: If you are in a flood zone and you have a mortgage lien absolutely. The answer is yes. | | Total Mortgage Services LLC | | | ProMatcher | Answer: Yes
Explanation: If the property is not in a high risk area, but instead in a moderate to low risk area, federal law does not require flood insurance, however, a lender can still require it. | | Amerifirst Home Mortgage | Answer: In some cases
Explanation: If the home being purchased is in a designated flood area, then the lender may require it. If not in a flood area, then they may not require it. | | Union Savings Bank | Answer: Yes
Explanation: It can be a condition of full approval and funding. | | nofeelendersubmit4u.com | | | ProMatcher | Answer: Yes
Explanation: Yes the Mortgage Lender can require you to have flood insurance or they can refuse you a mortgage. | | EA Realty LLC | Answer: Yes
Explanation: If you are located in a flood zone, you would be required to have flood insurance to close the loan After closing, you would be required to keep the flood insurance unless you are deemed no longer in a flood zone. | | American Equity Mortgage, Inc. | Answer: In some cases
Explanation: If your property is located in a FEMA designated flood zone | | Gulf Coast Community Bank | | | ProMatcher | Answer: Not sure
Explanation: I have no clue about this | | AMR CompaniesLtd. | Answer: Yes
Explanation: If you live in a flood zone. | | TowneBank Mortgage |
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