FHA To accept Private Flood Effective 12/21/2022

Acceptance of Private Flood Insurance for FHA-Insured Mortgages

Acceptance of Private Flood Insurance for FHA-Insured Mortgages

This Mortgagee Letter (ML) updates FHA’s mandatory Flood Insurance purchase requirement to allow for acceptance of Private Flood Insurance policies that meet FHA’s requirements in lieu of a National Flood Insurance Program (NFIP) policy.

The provisions of this Mortgagee Letter are effective on December 21, 2022.

All updates will be incorporated into a forthcoming update of the HUD Handbook 4000.1, FHA Single Family Housing Policy Handbook (Handbook 4000.1).

Get More Information online

https://www.hud.gov/press/press_releases_media_advisories/HUD_No_22_238