![]() The HUD documentation also states the following: Manufactured Housing FHA Rules for Homes in a Flood ZoneįHA Flood Insurance for Manufactured Housing – According to HUD guidelines, FHA approved manufactured homes must be at or above the 100-year return frequency flood elevation. This means the flood insurance is protecting both the owners of each unit within the condominium but also the areas of the project that are commonly owned. Then, the condo association must obtain flood insurance sufficient to cover the borrowers’ interest in not only the unit they are purchasing, but also the common areas. Condominium FHA Rules for Homes in a Flood ZoneįHA Flood Insurance Requirements for a Condo – First, the condominium complex needs to be FHA approved. Read our article on FHA construction loans. The flood elevation certificate must be prepared by a licensed engineer or surveyor. ![]()
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