Do lenders required flood insurance for medium-large MF property?

[Michael Dang]

Hi All,

Do lenders require flood insurance for medium to large multifamily apartment properties NOT in a 100 or 500 year flood plain?

My definition of medium is > 60 units.  If the market is also a consideration specifically in the major Texas cities of San Antonio, Austin, Houston, and Dallas\Ft. Worth.

What about Freddie Mac or Fannie Mae backed loans?  General question i know and there are other factors to be considered, but wanted a general rule of thumb or the industry norm.