The proposal outlines plans to allow FHA borrowers to purchase private flood insurance, which leaders said will lower insurance prices and decrease the impact of NFIP lapses.
Source: Inman News
FHA to allow homebuyers to purchase private flood insurance
Published in Department of Housing and Urban Development, Federal Housing Administration (FHA), flood insurance, national associaltion of realtors, national flood insurance program, private flood insurance, Regulations, Select and Uncategorized
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