A fee that must be paid for an assessment to determine whether a property resides in a flood zone. This fee is part of closing costs. When a residential home is found to lie within a flood zone, flood insurance is required before closing the sale.
Related information about flood certification fee:
- Flood Certification Fee - Mortgage Glossary | Quicken Loans
Flood Certification Fee definition from the mortgage glossary at QuickenLoans. com. Learn mortgage terms and jargon with the Quicken Loans Mortgage ...
- Flood Certification Fee • Glossary
A flood certification fee is often questioned when borrowers look over their costs. Especially, if their home is no where near water, has n...
- What is flood certification fee? definition and meaning
Definition of flood certification fee: A fee that must be paid for an assessment to determine whether a property resides in a flood zone. This fee is part of closing ...
- Disclosing the Flood Certification Fee - Andy Zavoina
Jul 4, 2005 ... Disclosing the Flood Certification Fee. ... Answer: The flood certification fee may generally be excluded from the finance charge under ...
- Closing Costs - Residential Home Funding - Home Loans ...
Residential Home Funding Corp. is responsible for charges for application fee, tax service fee, flood certification fee and a commitment fee. The other charges ...
- Closing Costs Explained by SETCO
Download Closing Cost Template Use the chart below as a ...
- Title Fees
... Tax service fee*; Underwriting fee*; Document preparation fee*; Assignment of mortgage; Flood certification fee; Closing Fee; Document Retrieval/Storage ...
- Closing Costs
Flood certification fee: $15 - $25. A service to determine whether the property is located in a Flood Hazard Area. This fee is paid to a company that performs this ...