Thank you for the question on a property listed as being in a flood plain in Los Lunas. Although you have not indicated the particular property you are inquiring on, FEMA (Federal Emergency Management Act) updated its maps in August of this year which expanded what they consider at risk of a 100 year flood.
Valencia County is in the desert with the valley along the river but we have had flooding throughout history. All it would take for a flooding issue in Valencia County would be a slow moving storm with rain for several days in a row. Highland Meadows and Rio Rancho had that happen a few years ago. They are both desert and are both higher in altitude than Valencia County...They were not considered in the flood plain however they did get flooded.
If a property has or will have a mortgage on it, the mortgage company will require flood insurance if the home is in the flood plain. Some insurance companies have charts that indicate what their requirements for flood insurance are and some require a copy of an Elevation Certificate prepared by a surveyor who goes to the property and shoots the elevation of the house to determine where it sits within the flood plain. The insurance company will calculate how much insurance they will require based on this information.
I will be glad to look up the placement within the flood plain for you. All I need is the address of the property. I might even be able to give you a rough idea of what the insurance might cost and let you know that also. I can be reached on my mobile at 505-450-8690.
Thank you again for your inquiry,