Case Study

Residential

Lender Mandate Lifted for Homeowner in Minnesota

Afton, MN

Image of Residential property for Lender Mandate Lifted for Homeowner in Minnesota

A-Zone LOMA Success

NFE Solution: LOMA; Modeling Services

A single-family homeowner in Afton, MN, reached out to NFE to explore potential cost-saving scenarios for their home and detached garage located in a complex A-Zone.

NFE got to work immediately to provide a comprehensive solution to the Client's challenges. First, NFE gathered the relevant documents and performed the complimentary desktop engineering review. Due to the complex and understudied nature of A-Zones, modeling was required to confirm area data. The desktop review coupled with the modeling services qualified the Client's home and garage for removal from the Special Flood Hazard Area (SFHA) via a Letter of Map Amendment (LOMA). Next, the NFE team prepared an airtight case and submitted it to the Federal Emergency Management Agency (FEMA) for approval.

The LOMA was approved thanks to NFE's efforts, removing the home and garage from the high-hazard flood zone and eliminating the lender requirement for flood insurance.

With the LOMA in hand, the Client's lender released the mandate for flood insurance on the property. With the lender mandates out of the picture, the Client was able to modify or cancel their flood insurance policy as they wished.

View Other Case Studies

Image of Commercial property for YMCA Saves $18K

$18K in Savings for YMCA

YMCA Saves $18K - Wilton, CT

Helping our clients save $ is always fulfilling but assisting a YMCA in saving $18,000 per year on insurance premiums was even more satisfying!

Image of Commercial property for Commercial Property Saves $11K

$350K in Added Property Value

Commercial Property Saves $11K - Philadelphia, PA

Learn how NFE helped a mixed-use commercial property along the Schuylkill River in Philadelphia, PA save ≈$11K/year in flood insurance premiums and added $350K in property value by removing 6 of the 14 buildings from the flood zone through FEMA's LOMA process, all in less than 45 days!

Image of Multifamily property for Multifamily Property in Toms River Successfully Removed from Special Flood Hazard Area (SFHA)

$250,000 in Added Property Value

Multifamily Property in Toms River Successfully Removed from Special Flood Hazard Area (SFHA) - Toms River , NJ

NFE successfully removed a multifamily property in Toms River from the Special Flood Hazard Area (SFHA). A Flood Expert Survey (FES) qualified all 5 buildings for a Letter of Map Amendment (LOMA). These solutions elimated$15,000 in annual insurance costs and added a remarkable $250,000 in property value.