My mortgage company informed me that I am in a designated Special Flood Hazard Area (SFHA). What is a SFHA?

The Special Flood Hazard Area (SFHA) is what is commonly referred to as the "100-year" floodplain. This is somewhat of a misnomer because it often leads people to believe that this is a flood that occurs only once in 100 years when in fact there might be two "100-year" floods within a month. The "100-year flood" is the name given to a flood that has a 1% chance of occurring in any given year. In fact, over a 30-year mortgage, there is a 26% chance that a flood will occur to a home and only a 4% chance of a fire. For more information please visit our Flood Insurance page.

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