Have Selling Questions? Ask Poli

AskPoli

Fannie Mae customers! Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool.

Launch Ask Poli for Sellers  

Guide Resources

Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies.

View Resources  

What are the flood insurance requirements for one-to four-unit properties?

Requirements for One-to Four-Unit Properties

The minimum amount of flood insurance required for first mortgages must be equal to the lesser of

•    100% of the replacement cost value of the improvements,
•    the maximum coverage amount available from the National Flood Insurance Program (NFIP), or
•    the unpaid principal balance (UPB) of the loan (or loan amount at the time of origination).

See Insurance Requirements for Renovation and Energy Improvement Loans in B7-3-05, Additional Insurance Requirements for additional information.

See Mortgagee Clause for Property and Flood Insurance and Named Insured for Property and Flood Insurance in B7-3-08, Mortgagee Clause, Named Insured, and Notice of Cancellation Requirements for mortgagee clause and named insured requirements.

For additional information, see B7-3-06, Flood Insurance Requirements for All Property Types.

Have You Tried Ask Poli?

Poli knows. Just ask.

Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing
Guide
content.

Try Ask Poli

Related Articles


AskPoli

Customers Recommend Ask Poli

If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Guide Resources

For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more.

Visit Selling and Servicing Guide Communications and Forms

X
Having Issues with Seeing this Page Correctly?

Use Firefox or Chrome   How to do a hard refresh in Internet Explorer
We recommend that you use the latest version of FireFox or Chrome.

Download Firefox
Download Chrome
  A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page.
    Hold the Ctrl key and press the F5 key.
     

Email Us
If you still have Technical Support questions, feel free to emailAsk_Poli@fanniemae.com.