Mortgage Payment Protection
True Homes wants to provide a financially stable home life for all of our customers. To fulfill this mission, we have partnered with the Rainy Day Foundation to provide our homeowners with financial protection should they experience unforeseen financial difficulty in the first two years of homeownership.
When you purchase a home by True Homes and select the True Confidence - Job Loss Protection Program, we will provide you with the following services:
Mortgage Protection Program (Job Loss Insurance*) - Covers up to 6 months, up to $1,800 per month (PITI) should our homeowners become involuntarily unemployed during the first 24 months of homeownership.
Financial Assistance - During the first 24 months of homeownership, Rainy Day Foundation may have available an emergency pool of funds to assist our homeowners in keeping current on their mortgage payments.
Examples of items that will be covered are unexpected medical expenses, unusually high car repair bills, catastrophic events, or other major financial events.
Communication and Education – You will receive monthly communication from the Rainy Day Foundation which provides you with financial tips and resources. They are also the organization to contact should you experience unforeseen difficulty.
We look forward to making your house a home.
Mortage Payment Protection Program Highlights Brochure
*The True Confidence Program is subject to terms and conditions including but not limited to counseling services, education, eligibility and other limitations. Unemployment must be involuntary. The Peace of Mind Program is provided through the Rainy Day Foundation's and the insurance is underwritten by an A-excellent rated carrier. Available only on FHA, USDA and VA loans. Subject to qualification and financing.
