Some lenders like to see the full policy jacket, and some lenders are looking for specific BW12 language on the policy.I do believe you have a good change of educating your lender sometimes a junior level person or person that really doesn't do a bunch of flood compliance (at your lender) will tell you something that is not true usually if you get ahold of someone with more experience or at your lender and an flood insurance expert you will likely have the lender to accept the policy.https://www.fdic.gov/news/financial-institution-letters/2019/fil19008.htmlI would also ask your lender why specifically they are rejecting the private flood insurance policy.

I would second Nathan’s suggestion but take it a step farther offer the high school football, wrestling or other sports teams. 

I don't know how some markets operate, but typically with sports that are "minor league" (think AA and AAA baseball), the thought is "if you build it, they will come" -- well as someone who grew up near the Trenton Thunder AA baseball and then the Philadelphia (Chester) Union stadiums, I can tell you it does NOT work that way. 

If so, then the good news is that you don't have to live there at all! 

https://www.americanbanker.com/articles/shadow-bank-weaknesses-forced-feds-market-rescue-quarles-sayshttps://www.forbes.com/sites/walterloeb/2020/07/06/9274-stores-are-closing-in-2020--its-the-pandemic-and-high-debt--more-will-close/#67303d6d729fhttps://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/https://www.greenwichtime.com/business/article/A-new-credit-bubble-gets-ready-to-burst-13911193.phphttps://www.zerohedge.com/economics/real-unemployment-rate-21-and-heading-higherhttps://www.weforum.org/agenda/2020/06/now-is-the-time-for-a-great-reset/https://www.zerohedge.com/news/2018-11-22/did-imf-reveal-cryptocurrency-new-world-order-end-gamehttps://www.imf.org/external/pubs/ft/fandd/2018/06/pdf/fd0618.pdfhttps://www.zerohedge.com/crypto/bank-england-governor-signals-central-bank-digital-currency-coming

That's really disappointing news.

The good news is that it won't take long to analyze every decent property that fits your criteria.

The good news is... the payment cleared ✅.For places like beach getaways, what rule of thumb are you using for net income?

As I’m sure many reading this are aware of (it was news to me), there are regulations against selling a property via FHA prior to 90 days of ownership.

Could be a great time to find deals as small time landlords try to unload their headaches.Link to the Unemployment article:https://www.ktnv.com/news/coro...