Hazard insurance requirements on construction loans?

A builder’s risk policy is required. Coverage should be effective on or before closing. The coverage should be equal to or greater than the loan amount. The policy should include the builders name, the borrowers name and the property address. The mortgagee clause must read: Security America mortgage, Its Successor and/or assigns, P.O. Box 52198, Phoenix, AZ 85072-2198.

Security America Mortgage, Inc

Security America Mortgage is one of the leading VA Home Loan Lenders in the nation; We are not a government agency. We pride ourselves on providing excellent customer service to ensure that each Veteran we serve ends up living happily ever after in the home of their dreams. This is a private website that is not affiliated with the U.S. government, U.S. Armed Forces, or Department of Veteran Affairs. U.S. government agencies have not reviewed this information. This site is not connected with any government agency.

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