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#2186521 - 07/23/18 07:39 PM Refinance - flood determination
plm18banker Offline
New Poster
Joined: Mar 2012
Posts: 21
I am refinancing a loan with new money. The original loan was done in April 2018. The properties are in the flood zone and we have proper insurance in place. Can the flood determinations completed in April 2018 be used for the new loan?

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Flood Compliance
#2186522 - 07/23/18 07:40 PM Re: Refinance - flood determination plm18banker
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,370
Galveston, TX
As long as you document that the FIRM has not been updated.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2186526 - 07/23/18 08:15 PM Re: Refinance - flood determination plm18banker
Adam Witmer Offline
Power Poster
Joined: Sep 2010
Posts: 2,658
You can view the current map here: https://msc.fema.gov/portal/search
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Adam Witmer, CRCM

All statements are my opinion, not those of my employer, and should not be taken as legal advice.
www.compliancecohort.com

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