What Is a Flood Certification Fee?
Disclaimer: This website provides general mortgage and financial information for educational purposes only. It does not constitute financial, legal, or mortgage advice. Housentia is not a licensed mortgage broker, lender, or loan originator.
This content is provided for general educational purposes only and does not constitute financial, legal, or mortgage advice.
Introduction
The flood certification fee pays for a determination of whether the property is in a Special Flood Hazard Area (SFHA) as defined by FEMA. Lenders require this to decide if flood insurance is mandatory. See What Are Closing Costs.
Frequently Asked Questions
- What is a flood certification fee?
- The flood certification fee pays for a determination of whether the property is in a Special Flood Hazard Area (SFHA). Lenders require this to decide if flood insurance is mandatory.
- How much does flood certification cost?
- Flood certification fees are typically $15 to $25. The fee appears on your Loan Estimate under "Services You Cannot Shop For."
- Why do lenders require flood certification?
- Federal law requires lenders to determine flood zone status for properties securing federally regulated loans. If the property is in a flood zone, flood insurance is usually required.
- Can I shop for flood certification?
- Usually no. Lenders typically order the flood determination from a designated provider. The fee is generally non-negotiable.
Educational Disclaimer
This content is provided for general educational purposes only and does not constitute financial, legal, or mortgage advice.
Housentia is not a lender, mortgage broker, or loan originator.
Flood certification fees vary by lender.