| Mortgage Assurance Program - MAP |
Directors Mortgage MAP program (Mortgage Assurance Program) includes a Mortgage Protection Program that protects homeowners if they experience a loss of their employment. Many Americans today are concerned with job stability and how they are going to make their mortgage payments if they lose their job.
The unemployment insurance coverage included in the Directors Mortgage MAP program assists in keeping homeowners current on their mortgage payments each month so homeowners can minimize their financial stress while they are looking for a job.
| DETAILS |
| |
| Coverage Period |
Twenty Four (24) months from the closing date of the mortgage.
|
| Maximum Benefit |
The lesser of the actual mortgage payment (PITI) or $1,800 per month.
|
| Benefit Period |
Up to a maximum of six (6) payments during the twenty four (24) month coverage term.
|
Contribution Clause
|
When joint mortgagors are involved, benefit amount will be based on the percentage the unemployed person’s income is to total qualifying income at the time of mortgage closing.
|
|
Coverage For A Rainy Day
"Here when you need us"
|
|
>> Contact your nearest LOCATION for additional details
|
|
Information deemed reliable but subject to change without notice. This is not a commitment to lend. Call for Details. OR ML.1634, WA 510.MB.1598.00,
CA 6054061, ID MBL-3966, Hud Mortgage 15697-000-9
The MAP Program is subject to terms and conditions including but not limited to counseling services, education, eligibility and other limitations. Unemployment must be involuntary. The MAP Program is administered by The Rainy Day Foundation. Available on qualified loans. Subject to qualification and approved financing.
Rainy Day Holdings or Rainy Day Foundation does not sell insurance. The Mortgage Protection Program is a service provided within the MAP program.
Financial assistance is provided by the Rainy Day Foundation’s emergency grant/Rainy Day Program fund. Available on qualified loans and approved financing.
Home | Loan Information Home | Apply Now | Locations | Privacy | Sitemap 
