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 When is flood insurance required if the property is in a flood zone on one time close conventional construction loans?

Once the vertical building has started, a satisfactory Flood Insurance Policy will be required. Any pending draws cannot be processed until Flood Insurance is in place and has received approval from the Flood Review team for proper coverage. The coverage must be verified at each draw if the property is in a flood zone, which may cause a small delay in processing the draw.

Security America Mortgage, Inc

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