FHA 203K Renovation Loans Can Be Used to Mitigate Flood Risk
Back in February, NAR and the coalition asked FHA to confirm the eligibility of the FHA 203K program for the rehabilitation of homes that have not been damaged in a flood, but are at risk of damage from future flood events.
In the past, the renovation loan program has been used to rebuild homes affected by floods, and the question was if the 203K program could be...
On June 24, the FHA responded to a request from the National Association of Realtors (NAR) and other groups, regarding the use of the FHA 203K Renovation Loan program for flood mitigation.

Flood insurance is still a topic that is very confusing for everyone, including insurance agents.
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