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#270801 - 11/03/04 11:02 PM Conditional LOMA
Suzie Offline
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Suzie
Joined: Apr 2002
Posts: 662
Far North
Is this for real? Ln Off tells me that fill will put new construction @ elevation above flood (yes in SFHA) and that until construction is final we can only get a conditional LOMA. (Only after construction is complete will an unconditionl LOMA be issued.)

Wouldn't you bring in your fill and than contact the community for a revision?

What is missing here????
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Lending Compliance
#270802 - 11/04/04 01:31 PM Re: Conditional LOMA
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,363
Galveston, TX
A conditional LOMA only tells the property owner whether or not the property will be in or out of the FHA after construction. A true LOMA can only be issued after the structure is built. You are required to have flood insurance during the construction phase and until the true LOMA is issued. See here for further explaination: The National Flood Insurance Program (NFIP) and Your Property
Last edited by rlcarey; 11/04/04 01:56 PM.
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#270803 - 11/04/04 01:55 PM Re: Conditional LOMA
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
The above link does not work because it has an extra http://.

Here's a corrected link.
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#270804 - 11/04/04 01:56 PM Re: Conditional LOMA
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,363
Galveston, TX
Thanks Dan! I also went in and fixed it
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#270805 - 11/04/04 06:03 PM Re: Conditional LOMA
Suzie Offline
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Suzie
Joined: Apr 2002
Posts: 662
Far North
Thanks so much for your help.
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