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Flood
Hazard Areas. Most lenders will not lend you money to buy a home
in a flood hazard area unless you pay for flood insurance. Some government loan
programs will not allow you to purchase a home that is located in a flood hazard
area. Your lender may charge you a fee to check for flood hazards. You should be
notified if flood insurance is required. If a change in flood insurance maps
brings your home within a flood hazard area after your loan is made, your lender
or servicer may require you to buy flood insurance at that time.
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