We are working on a mortgage loan for a principle residence. It is an FHA loan. Loan amount is below $100K and property is in flood zone AE with a pre-FIRM subsidized policy.

Up until this point, we were not made aware of any changes to our Flood Insurance requirements. So I am looking up all I can on the changes that went into effect on 06/01/2014. Is there anything specifically in this document that did not go into effect?

Also, I assume the deductible changes are active. So any idea why has FHA not made any changes to their requirement that says the deductible cannot be higher than $1000 or 1% of the coverage?