FAQs

Why do I need evidence of Flood Insurance?

Properties identified as being located in a flood zone require proof of flood insurance, to ensure you have coverage in the event of a flood.

• Refinances: Pennymac will provide you a flood certificate, which you will need to sign and return back to us along with proof of an existing flood insurance policy.
• Purchases: You need to provide one of the following:
• A complete flood insurance policy containing the following mortgagee clause: PennyMac Loan Services, LLC Its Successors And/Or Assigns, P.O. Box 6618, Springfield, Ohio 45501-6618
• A complete application to the National Flood Insurance Program Agency (NFIP) with evidence that the first year premium on the policy has been paid and an elevation certificate if the property was constructed after the date on the FIRM.