Word of the Day
The Standard Flood Hazard Determination Form (SFHDF) identifies whether a property is located in a special flood hazard area, if the borrower is required to obtain flood insurance, and if federal flood insurance is available.
The lender relies on the SFHDF when making, increasing, extending, renewing, or purchasing a loan to determine whether or not flood insurance is required and available on the property. The SFHDF has b...