My mortgage company said I wasn't in a flood zone...?

Question

per the flood certification that had to be done prior to the sale of the home. I have had two appraisals done and both appraisals state that I am in a Class A Flood Zone. Can't the mortgage company get in trouble for such an error/discrepancy?

Answer 1

Flood zones are rated from 1-10 with 1 being least likely to flood. Zones A, X, B and so on designate areas within that zone. Find out what number zone you are in and then you'll see what sort of chance of flood you have.

Go to your county's website and look up flood zone information. Each county seems to do the letter-rating thing differently, but I would not be afraid that you're actually in a flood zone unless you get confirmation from the county.

Class A doesn't mean the highest chance of floods, in fact in many areas I looked up to answer this, class A area homeowners actually got a 15% discount on flood insurance because they were in a good area.

Hope that helps, I can't say more without knowing what county/state you live in .

Answer 2

FEMA is currently remapping flood zones, based upon topographical and historic flood/weather information. You may previously have NOT been in a flood zone, and suddenly got into one.

In my state, we have some very happy and some very UNhappy folks due to these mapping changes. Some folks are suddenly relieved of their obligation to carry NFIP, and others find themselves being required to obtain NFIP due to the changes.

Answer 3

May be I Can Help You:

Just try:

http://www.proloanz.com/

http://www.apply4less.com/mortgage.htm

http://www.mortgagerefinancingatlowrate.com/

http://www.topamericanmortgage.com/

They can give you the best MORTGAGE HELP

Answer 4

when it comes to mortgages.... whatever the bank says, there's your answer (otherwise they won't give you money).