Home Builders Program*

The Home Builders program offers Down Payment Protection (DPP) to home builders seeking to add value to buyers interested in new constructions units by including DPP to home development or residential condo developments, thus assuring the value of the homes for buyers which also add that extra

 

TERMS & CONDITIONS

  • Seven year term from date of sale

  • Deposit premium required

  • Coverage limit up to $200,000

  • Up to 20%, whichever is less

  • Residential properties only; (including residential condominiums) 

  • No commercial properties

  • Must be included on 100% of properties in the development

COVERAGE TRIGGERS

  • Home must be sold within the coverage period

  • Transaction must be “arms-length” 

  • Homes are recorded against the Home Price Index published by the FHFA at time of purchase and again at time of sale

  • HPI reflects a loss when home is sold 

  • Payout is lesser of 

    • Actual loss  of the down payment, or 

    • Change in the HPI as percentage of loss

*Note: Please check your policy for details as certain terms & conditions, limitations and/or exclusions may apply which may not be listed here.  

These home are each $500,000

It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.

6355002.jpg
 
287024537.jpg

But, only one is protected 
From losing it’s value.

Benefits for Home Builders & Developers

  •  Enhance perception of quality 

  • Improved marketability 

  • Protection for home buyer