It found that 56 percent of owners living in a special flood hazard area don't take steps — besides purchasing basic flood insurance — to protect their property. (themortgagereports.com)
If your home is in a special flood hazard area flood insurance is required as a condition of granting a mortgage loan. (mortgage-x.com)
Lenders will require proof of whether or not the property is located in a special flood hazard area. (gobankingrates.com)