Quote:
Originally Posted by frayedends
First off $1000 per month is on the low side but shop around. Second I’d assume Deluna has updated flood maps as it’s older than where I am in Lake Denham. That being said when we bought our house was in a flood zone and we were told the maps should be updated in a few months. We were t actually in a flood zone because the developer raised the land elevation. But without updated FEMA maps we still needed flood insurance. Over a year later the maps were still not updated. But then I found out from the bank (citizens first) that I could apply to have my single home updated using something called a LOMA or LOMC. It was a pain in the ass. The bank did provide some of the documents I needed. Others I had to find online. But after 90 days I got approval and no longer in a flood zone. No idea if the maps have been updated yet. The annoying thing is Citizens could have told me this the first year and saved me a grand for the second year.
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The 1K I quoted is what it cost me so shop around (I don’t think Villagers do that enough). I don’t think the bank cares (it’s Citizens of course). Our Villages realtor informed me about the FEMA letter of map amendments (LOMA) process. I called FEMA when I had questions about my application and they were very helpful with the process and when I got my flood zone reduced it was immediately shown online. I would not call it a PIA but yes, something else to deal with for home ($$) ownership(I often say I should have just rented).