Can a mortgage lender require me to buy flood insurance? | | Yes | 68% | | In most cases | 8% | | In some cases | 18% | | Not sure | 4% | | | | | Question: Can a mortgage lender require me to buy flood insurance? Top Answer (68% of 48 votes): Yes.
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 | Answer: Yes
Explanation: In certain flood-prone areas, the federal government requires flood insurance to secure mortgage loans backed by federal agencies such as the FHA and VA. | | Nexa Mortgage, LLC ( NobodyBeatsMyRates.com ) | | | ProMatcher | 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 | 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. | | Atlantic Mortgage and Finance Corporation | | | ProMatcher | 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 | Answer: Yes
Explanation: If property is deemed to be in a flood zone. | | Beddard Mortgage Team | | | ProMatcher | Answer: Yes
Explanation: If you live in a flood zone. | | TowneBank Mortgage |
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