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Updated almost 2 years ago on . Most recent reply
Do DSCR Lenders Require Flood Insurance?
Hi there!
Since DSCR loans are commercial and not federally backed - do they need flood insurance?
Is this one of those where it depends on the lender? The property I'm considering purchasing is in AE Flood zone.
Thank you!
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Robin Simon
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
Quote from @Didier Bizimungu:
Hi there!
Since DSCR loans are commercial and not federally backed - do they need flood insurance?
Is this one of those where it depends on the lender? The property I'm considering purchasing is in AE Flood zone.
Thank you!
It will be pretty uniform among DSCR Lenders - if the property is in a flood zone, flood insurance required, if not, not required