Talking about your mortgage: Flood determination fee
If your home is in a flood hazard area where federally subsidized flood insurance
is available, lenders cannot make a mortgage loan for your home unless you buy
flood insurance. Your lender may charge a fee to find out whether the home is
in a flood hazard area.
Estimated cost: $15 to $50 (this is not the cost for the flood
insurance; flood insurance, if required, would be in addition to your homeowners
insurance and may cost from $350 to $2,800 depending on location and property
value)
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