To Whom It May Concern, I am a 28 year old full time college student and full time nurse. I saved for a 20% down payment on a home and bought my first house on September of 2010. I bought something I could afford, a foreclosure for $121, 550. I found I needed flood insurance in addition to homeowners. This requirement is related to a creek in the backyard, which was added to a new flood map in 2010. My bank Cincinnati Federal required $102, 000 in flood insurance coverage which is $829 per year. The loan was sold to Chase Home Finance LLC... read full review »