Home construction loan in a flood zone

Home construction loan in a flood zoneHome construction loan in a flood zone
MerrillSab asked 4 years ago

I was wondering if it would be possible to obtain a  home construction loan for building a home on land that is located in a flood zone.  I own the property out right and want to build my future home on it.   It is located in south Texas .  The entire town is now considered to be in a flood zone after the fema maps were re zoned in 2012.  My property is 50 acres and level.  It is not in a creek or in a hole. Of course, I don’t consider it to be flood prone. The reason for the flood zone is the towns proximity to the rio grande river( my 50 acres are almost a mile away from it).  My wife and I have excellent credit but our concern is that we will have to jump though many hoops to obtain a construction loan due to home site being in a flood zone.  So far I am in talks with capital farm credit about this loan.  Is it possible to get this loan?  Any advice or info would  be greatly appreciated.

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