Does conventional require flood insurance?
Yes, when the property is in a FEMA-designated Special Flood Hazard Area (SFHA, Zones A and V). That's a federal rule that applies to all federally-related mortgages, including conventional. Outside the SFHA, flood insurance is optional but often a smart idea in coastal Florida.
Plain-English explanation
Federal law requires flood insurance on properties in SFHA Zones for federally-related financing — conventional included. Florida's flood maps shift periodically; a property's zone today may have been different a few years ago. Confirm zone before writing on a Florida property. Private flood insurance has grown as a complement or alternative to NFIP — conventional accepts both subject to coverage standards and lender approval.
What can change the answer?
Florida insurance premiums, property tax millage and Save Our Homes rules, county property-appraiser practice, HOA dues, CDD fees, and condo law can change the answer.
Want the real answer for your conventional file?
Conventional guidelines are the rule. Your credit, income, DTI, PMI, LLPAs, and Florida payment math are what decide the actual answer.
More conventional questions on Florida
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review.