ServiSolutions is lowering the maximum allowed flood insurance deductible for Conventional Fannie Mae and Freddie Mac loans delivered to us.
Effective with loans closing 12/20/19 and after, the maximum deductible for flood insurance coverage will be the greater of 2.5% or $2,500. Maximum FHA/VA and USDA deductibles contained in the Loan Delivery Guide will not be affected by this change.
The loan delivery guide is being updated to reflect this change. Please make all interested parties aware of this revision.
If you have any questions about this information, please contact Cathy James at