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Flood Insurance

A special and separate insurance policy that covers property in the flood area against damage by flooding. Although flood insurance may be bought through your local insurance agent, it is issued through the federal government. When purchasing real estate, a survey is typically required where there is any risk of flooding to the property. Flood insurance may be required by the lender in order for the buyer to obtain a loan.

See also:
  • Fair Credit Reporting Act
  • Fair Market Value
  • Fannie Mae
  • Fannie Mae’s Community Home Buying Program
  • Farm Home 100% loan
  • Federal Home Loan Mortgage Corporation
  • Federal National Mortgage Association
  • FHA
  • FHA 203b
  • FHA 203k
  • FHA Futures
  • FHLMC
  • Fiduciary
  • First Mortgage
  • First Right Of Refusal
  • Fixed Rate Mortgage
  • Flood Insurance
  • FNMA
  • FNMA
  • Forbearance
  • Foreclosure

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