First Heritage Mortgage has introduced Mortgage +Plus, a mortgage product that protects a homebuyer’s downpayment, available immediately on all applicable First Heritage mortgages. Mortgage +Plus will include +Plus downpayment protection by ValueInsured, embedded directly into buyers’ mortgages. With exclusivity in Washington, D.C., Maryland, Virginia and North Carolina, First Heritage Mortgage is the first mortgage lender to offer this protection to homebuyers in the region.
With Mortgage +Plus by First Heritage Mortgage, homebuyers may safeguard their downpayment and buy with confidence.
“At First Heritage Mortgage, our priority is to empower our customers to buy their dream homes. We’ve been seeing hesitations due to today’s transient lifestyle and uncertainty in the housing market,” said Alex Wish, president of First Heritage Mortgage. “To help our customers buy a home with confidence, we realized that the one thing we can do is assure them that their down payment will be protected. ValueInsured has created a truly innovative product and we’re thrilled to be the exclusive mortgage lender offering down payment protection in the Mid-Atlantic region.”
Joe Melendez, CEO of ValueInsured, said, “Determined to provide security for today’s homebuyer, we created the first product that protects the homebuyer, the same way private mortgage insurance has been protecting the banks for years. First Heritage Mortgage has always been one of the best in mortgage financing services, which is why we’re excited to partner with them on a next generation mortgage product that provides today’s modern homebuyer with the flexibility and mobility of renting, but with the freedom, pride and investment value of owning a home.”