Financing, Inspections, Insurance, Property Closing
EMA Flood Risk Rating 2.0: Equity in Action FEMA is updating the National Flood Insurance Program’s (NFIP) risk rating methodology through the implementation of a new pricing methodology called Risk Rating 2.0. The methodology leverages industry best practices...
Financing, Inspections, Insurance
Flood maps, known officially as Flood Insurance Rate Maps (FIRMs), show areas of high and moderate to low flood risk. Communities use the maps to set minimum building requirements for coastal areas and floodplains, lenders use them to determine flood insurance...
Financing, Inspections, Insurance
Buyers may purchase flood insurance through an insurance agent, not directly from the National Flood Insurance Program (NFIP). Homes and businesses in high-risk flood areas with mortgages from federally regulated or insured lenders are required to have flood...
