Answer
Dec 28, 2023 - 08:24 AM
Your lender will always accept a policy from the National Flood Insurance Program (NFIP). The U.S Department of Housing Urban Development (HUD), in December of 2022, authorized the acceptance of Private Market Flood Insurance for all loan types as well. However, it is still ultimately up to the lender as to which type of policy they will require you to carry so it is best to send the quote to your lender for approval before moving forward with purchase.
