Skip to content

Flood Determination on Mobile Home Lot

Question: 
When financing a mobile home lot, should a flood determination be done for the mobile homes on the lot?
Answer: 

Answer by David Dickinson: If your loan is secured by the mobile homes, then you must complete a flood determination. If you only have the lot, then you do not have to complete a SFHDF.

Answer: 

Answer by Andy Zavoina As an extra twist, if you do not have the mobile homes but do have some other insurable structures such as storage areas or a community building (if this is a park, for example), flood certs should be done.

First published on BankersOnline.com 10/20/03

First published on 10/20/2003

Filed under: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics