USDA requires a maximum deductible of $1k or 1%, whichever is greater and the pre-FIRM NFIP minimum deductible is $1,500. Has anyone run into a situation where the USDA loan amount is less than $150,000 and it is a pre-FIRM rate? I imagine USDA would be required to accept the NFIP policy but can't find anything firm (no pun intended).
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