Safeguard Your Mortgage with Job Loss Protection
You’ve found your perfect home. Now that your dream is within reach, MortgageAssure® can help ensure it. It’s an additional benefit that can make your mortgage payment if you unexpectedly lose your job.
With MortgageAssure®, you can feel confident in your decision to purchase a home without fear of the uncertain economic environment. The best part is, as a member of Police Federal Credit Union of Omaha, you get this benefit for FREE with our loans when mortgage insurance (PMI) is provided by Radian Guaranty.
Eligibility
- Available exclusively to PFCU of Omaha members
- Radian-insured loans with down payments between 3% – 20%
- Primary residence, owner-occupied, single-family home
- At least one borrower is not self-employed
- Available for Monthly, SplitEdge®, and Standard Annual MI Plans
Benefits
- Up to $1,500 a month (including principal, interest, taxes & insurance)
- Total protection of up to $9,000 during the coverage period
- Up to 6 monthly mortgage payments, not required to be consecutive
- Effective up to 2 years after the loan closes, while the mortgage insurance remains in place
Advantages
- Protects your credit by keeping your mortgage payments current
- Safeguards your biggest investment –your home
- Preserves your savings for emergencies, retirement, or college funds
- Provides peace of mind when experiencing the challenges of unemployment
With MortgageAssure®, you can feel confident in your decision to purchase a home! Please contact your Mortgage Loan Officer for details.