The Department of Housing and Urban Development (HUD) proposed to raise its standards for FHA insurance in high risk flood zones. (nar.realtor)
The Federal Emergency Management Association (FEMA) defines a high risk flood zone as an area where there is a one in four chance of heavy flooding during a 30 year mortgage. (trustedchoice.com)
If you're a homeowner in Florida, flood insurance may be a requirement of your mortgage loan if your house is located in a moderate or high risk flood zone. (valuepenguin.com)