Flood Zone- Flood Insurance

[Consuela Adams]

Question for new builders-, if a buildable lot is In the flood zone could a new foundation be built on cement blocks and if so would the property still need flood insurance? This lot is near a creek.  

[Mike Wood]

@Consuela Adams If the lot is in a flood zone, almost every lender will require flood insurance to back up the mortgage. If you are building new, you will be required build the house up in elevation to at lease the area's base flood elevation (BFE) as determined by FEMA. While this will minimize the cost of flood insurance, it will not eliminate the requirements from lenders.