Minnesota is known as the Land of 10,000 Lakes and with that comes the potential for flooding. If you are interested in purchasing or selling a property that borders public waters, flooding maybe a concern for a buyers and their lender. Flood maps are produced by FEMA and the Minnesota DNR that show how likely a location is to flood. Flood maps help mortgage lenders determine insurance requirements and help communities develop strategies for reducing their risk. The mapping process helps you and your community understand your flood risk and make more informed decisions about how to reduce or manage your risk.
Here are some helpful links for more information:
Is My House In a Floodplain Video
