Fun Fact of the Day, October 11, 2017

October 11, 2017

AT RISK OF FLOODING - A homeowner with a federally backed mortgage (e.g., a FHA insured loan) is required by law to purchase flood insurance if their home is located in a "FEMA-mapped 100-year flood plain," i.e., there is at least a 1% annual probability of a flood based upon flood plain maps assembled by the Federal Emergency Management Association (source: FEMA).

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