Insurance covers homebuyers’ mortgage down payments

Pacific Union Financial and ValueInsured have announced the launch of PacificPlus, a new mortgage product that protects a homebuyer’s down payment.

PacificPlus features ValueInsured’s +Plus down payment protection embedded into loans offered by Pacific Union Financial. The PacificPlus program enables homebuyers to safeguard their down payment and purchase, even if they need to move and real estate market values are down when they sell. The program provides coverage up to the full amount of their down payment and, if all program requirements are met, reimburses any potential losses.