---
title: FEMA Flood No Longer Required for FHA Loan Products
description: Starting 12/21/22, mortgagors can purchase private flood insurance—which can be 70% less expensive than the FEMA regulated flood insurance. See how LG Planning Group can help.
image: https://www.lgplanninggroup.com/hubfs/AdobeStock_55468431.jpeg
---

 2

# FEMA Flood No Longer Required for FHA Loan Products

 Dec 20, 2022 3:03:01 PM

By [Louis Blangiardo](https://www.lgplanninggroup.com/blog/author/louis-blangiardo)

***Starting December 21, 2022, mortgagors can purchase private flood insurance on FHA-insured mortgages for properties located in Special Flood Hazard Areas (SFHAs).***

 

This announcement from the Federal Housing Administration (FHA) is good news for homeowners with properties in Federal Emergency Management Agency (FEMA)-designated SFHAs. For the first time, mortgagors will now be able to purchase private flood insurance which may be less expensive and/or provide enhanced coverage. Previously, only flood insurance obtained through the National Flood Insurance Program (NFIP) was permissible for FHA-insured mortgages – which limited choices for consumers. In this current mortgage environment of higher rates and home prices, this rule change allows homeowners to purchase:

- Private Flood Insurance policies, which can be 70% less expensive than the FEMA regulated flood insurance
- Private Flood Insurance policies, which tend to cover more than a FEMA regulated flood insurance policy

 

In addition, as part of its implementation, as of December 21, 2022, the FHA will require lenders to provide detailed flood insurance coverage information when electronically submitting mortgages for FHA insurance on properties in SFHAs.

 

**What LG Planning Group Can Do for You**

Contact [info@lgplanninggroup.com](mailto:info@lgplanninggroup.com) or call **631-589-6960 **today about flood insurance solutions for you or your clients. We can develop a customized plan that helps protect the homeowner and the property.

[Flood Insurance & Excess Flood](https://www.lgplanninggroup.com/blog/tag/flood-insurance-excess-flood) [private flood insurance](https://www.lgplanninggroup.com/blog/tag/private-flood-insurance)

![Louis Blangiardo](https://www.lgplanninggroup.com/hs-fs/hubfs/Lou%20-%20headshot.jpg?width=150&height=150&name=Lou%20-%20headshot.jpg)

[Louis Blangiardo](https://www.lgplanninggroup.com/blog/author/louis-blangiardo)  / About Author

Louis Blangiardo is a seasoned insurance professional with extensive experience in helping clients, both large and small, analyze, manage, and mitigate their risk. Louis’ ability in tackling complex risks and implementing risk management techniques along with navigating alternative risk transfer strategies has made him indispensable to clients in helping them protect their assets. Louis provides expertise to clients across all fields from personal insurance assets and liability to complex domestic and international risks. Utilizing his breadth of knowledge of the insurance marketplace, industries, customer specific needs and integrated technologies Louis is perfectly positioned to lead the P & C team here at LG Planning Group and provide the same continued premier attention our customers are accustomed to.

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