What Should I Know About Buying a Home in a Flood Zone
- By Jim Blackburn
- on
- 100 first time home buyer FAQs
1. Flood Insurance Is Often Required—and Can Add to Your Monthly Costs
If you’re using a mortgage to buy a home in a high-risk flood zone, your lender will likely require flood insurance. Here’s what to keep in mind:
Premiums can range from a few hundred to several thousand dollars per year, depending on the property’s risk and elevation
This isn’t included in your regular homeowner’s insurance—you’ll need a separate policy
Always get a quote early in the process so it doesn’t catch you by surprise at closingFlood insurance protects both your lender and your belongings—and it’s worth every penny if disaster strikes.
2. Research the Flood History and Risk Level of the Property
Before you buy, get answers to these important questions:
- Has the property flooded in the past?
- What flood zone designation is it in (FEMA has a helpful flood map tool)?
- How high is the elevation above base flood level?
- Are there any flood mitigation measures already in place?
Understanding the history and topography can help you make a confident, informed decision—and even negotiate with the seller if needed.
3. Flood Zones Don’t Have to Be Deal Breakers—Just Be Prepared
Many beautiful, well-maintained neighborhoods are located in flood zones. With proper planning, you can still enjoy:
The charm of a riverside or coastal location
Peace of mind from quality insurance and smart upgrades
Options to elevate or retrofit the home for better flood protection
The key is knowing what you’re getting into—and budgeting accordingly.
Buying in a Flood Zone? Let’s Make Sure You’re Fully Informed and Fully Covered
Download our free “Smart Homebuyer Risk Checklist” — includes flood zone tips, insurance questions, and inspection advice
Chat live now to ask about flood insurance rates in your area
Schedule a call with a Stairway Mortgage advisor to get personalized loan guidance for high-risk zones
At Stairway Mortgage, we help you buy smart and sleep easy—
even when the weather doesn’t cooperate.
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