The NFIP (National Flood Insurance Program) has expired as of the end of March, and Congress has not decided whether or not to renew the program. So what????
If you live in a Army Corps of Engineers designated flood zone, don't expect to be able to refiance your mortgage or sell your home for that matter. No lender will insure it unless it has flood insurance, which is no longer.
Don't expect to buy a home in a designated flood plane area because your lender will not approve the loan without flood insurance, of which there is none now.
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