has introduced BrightPath Plus
, a mortgage product that protects a homebuyer’s downpayment, available immediately on all applicable BrightPath mortgages. BrightPath Plus will include +Plus downpayment protection by ValueInsured
embedded directly into buyers’ mortgages.
With BrightPath Plus, homebuyers may safeguard their downpayment and buy with confidence. Even if they need to move and real estate market values are down when they sell, up to the full amount of their downpayment may be covered and, if all program requirements are met, any potential loss would be reimbursed.
“ValueInsured seemed like a natural partner for BrightPath Mortgage,” said Craig Page, Owner of BrightPath Mortgage. “BrightPath has always focused on keeping the borrower’s costs and risk as low as possible. BrightPath Plus and our partnership with ValueInsured is just the next evolution of this idea. We hope everyone can now feel they can become a homeowner as worrying about a market downturn is a thing of the past.”
Combined with BrightPath’s No Closing Cost loans, buyers can buy a home with only their downpayment and know it’s secured.
“BrightPath is proactively helping homebuyers navigate today’s wild market by building their confidence with down payment protection,” said Joe Melendez, CEO and founder of ValueInsured, which provides +Plus Down Payment Protection. “We are thrilled to partner with a company that has more than 20 years of experience in helping people realize the American dream of homeownership.”