Flood Zone Determinations are required by lenders for most loans that collateralize real estate. The service is most often ordered and handled in large quantities by mortgage underwriters or loan processing centers. Effective March 1, 2011, all residential mortgages with federal backing will require a Flood Zone Determination.
The purpose is to determine whether or not flood insurance will be required on the collateralized structures on the property, usually a home or commercial/industrial building. Flood insurance requirements will vary greatly according to the flood zone, type of structure, and elevations.
Target Surveying provides Flood Zone Determination Surveying services to the entire state of Florida.