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Flood escrow on a HELOC?

Answered by: 

Question: 
We are making a HELOC secured by a home in flood zone. Do we have to escrow the flood insurance premium?
Answer: 

No. Flood insurance escrowing is not required on a home equity line of credit, even though it is a designated loan requiring flood insurance coverage.
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Learn more about Rebekah Leonard’s Flood 101 – Facts to Keep You Afloat in Deep Waters webinar.

First published on 05/22/2022

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