OLYMPIA — When Joley Spears bought her three-bedroom Aberdeen home just a few blocks from the Chehalis River last year, she was relieved to find something in her price range that was recently remodeled and had a fenced backyard for the kids.She knew she was in a flood range and would need a federal insurance policy, but one thing she wasn’t expecting was a potentially significant increase in her flood insurance rates.“No one told me,” she said. If they had, she says, “we would have bought up on a hill, where I didn’t have to have flood insurance.”In 2012, Congress passed a law requiring policyholders receiving subsidies to start paying rates based on the true risk of flooding at their properties in an effort to cover a $24 billion deficit in the National Flood Insurance Program. After public outcry over the premium hikes, Congress passed legislation earlier this month pulling back some of the insurance overhaul.However, while approximately 1.1 million policyholders won’t face immediate dramatic increases under the measure signed Friday by President Barack Obama, they will still be hit with annual premium increases. Homeowners face hikes as high as 18 percent year after year, until the government is collecting what it needs to pay out claims. Owners of businesses and second homes face increases of 25 percent each year.