Sentences with phrase «special flood hazard area»

Five federal regulatory agencies are issuing a joint notice of proposed rulemaking to amend regulations pertaining to loans secured by property located in special flood hazard areas.

And if you live in a FEMA - designated special flood hazard area (SFHA), you'll also need to purchase flood insurance to qualify for a VA loan.

For example, in Virginia, owners are not required to disclose whether a property is located in one or more special flood hazard areas.

Lenders will require proof of whether or not the property is located in a special flood hazard area.

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.

If your home is in a special flood hazard area, your lender will require you to carry flood insurance, which will add hundreds annually to your homeownership costs.

Federal Law requires all lenders investigate whether or not each home financed is in a special flood hazard area as defined by the Federal Emergency Management Agency (FEMA).

In response to these developments, the US Federal Emergency Management Agency mapped out special flood hazard areas (SFHA), which are those that may experience flood or mudflow based on a number of factors, including erosion levels.

If your property is located in a special flood hazard area, you will be required to carry flood insurance, as well.

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.

If your home is in a special flood hazard area, your lender will require flood insurance.

Federal Law requires all lenders to investigate whether each home they finance is in a special flood hazard area as defined by FEMA, the Federal Emergency Management Agency.

If FEMA has recently remapped your home into a special flood hazard area, you may find cheaper coverage on the private market.

These «special flood hazard areas» are re-evaluated over time, so it's best to check the Federal Emergency Management Agency's Flood Maps to determine whether your house would be considered at high risk of flooding.

If you live in a special flood hazard area (SFHA), you are required to purchase coverage.

If your home is outside the special flood hazard area, you are still at risk of flood.

If your home is located in a part of the flood plain known as a «special flood hazard area,» your chance of flooding is relatively high and you may be required to purchase flood coverage.

If you live in a special flood hazard area, you may be required to purchase flood insurance.

If your home is in a special flood hazard area flood insurance is required as a condition of granting a mortgage loan.

You may consult special flood insurance maps, published by the FEMA, to determine if the property is in a special flood hazard area (SFHA).