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Does a flood certification have to be done on my property for a home equity loan or home equity line of credit?

April 26, 2017Certification flood home equity line of credit loan Property

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Does a flood certification have to be done on my property for a home equity loan or home equity line of credit?

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Yes, according to the Flood Disaster Protection Act of 1973, any loan secured by real estate needs to have a flood determination completed. If it is determined that the property is in a flood zone, flood insurance will be required.