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Requirements for 1-4 unit properties apply to similar residential properties within a Planned Unit Development (PUD) or a ground lease community.
For first lien home mortgages on 1-4 unit properties, the hazard insurance coverage must be equal to the lesser of ...
Deductible for hazard policies must conform to investor guidelines. Deductible requirements on Jumbo loans must meet FNMA requirements.
A hazard insurance policy that meets the following specifications must be provided by the applicant at closing:
The following endorsements are required for PUD and condominium projects. Inflation Guard Endorsement, if available; Construction Code Endorsement, if there is a construction code provision that wo...
One-to-four family residences must protect against loss or damage from fire and other hazards covered by the standard extended coverage endorsement. The coverage should be of the type that provides...
