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Protect your home and credit from times of involuntary unemployment.
Cobalt Mortgage is proud to introduce the Payment Assurance Plan, in conjunction with the Rainy Day Foundation, a non-profit organization that is dedicated to helping individuals achieve their goals of becoming responsible homeowners.
The Payment Assurance Plan protects homebuyers who purchase a home with FHA financing from unexpected financial challenges.
The Payment Assurance Plan features a variety of financial support and counseling services. Participation in the Payment Assurance Plan is provided completely free of charge, with all enrollment costs PAID IN FULL by Cobalt Mortgage.
Featured benefits include mortgage payment protection, assistance with unexpected financial challenges as well as a variety of counseling services.
Even in the best of economic times a homeowner can unexpectedly lose their job due to events outside of their control. If you are a prospective homebuyer who could benefit from added security you owe it to yourself to contact Cobalt Mortgage today.
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FHA Mortgage Protection
For qualified individuals that become Involuntarily unemployed during the first 24 months of homeownership, the Payment Assurance Plan pays your mortgage payment up to $1,800 per month for up to six full months *
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Financial Assistance
Should you find yourself facing additional unexpected financial hardships, the Rainy Day Foundation has an emergency pool of funds to assist qualified homeowners in keeping current on their mortgage payments during the first 12 months of homeownership.**
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Communication and Education
Receive monthly communication from the Rainy Day Foundation, with tips, guidance and resources to assist in managing your personal finances. Should you experience unforeseen difficulties, the Rainy Day Foundation is available to provide you with the guidance and assistance you need to help get back on track.***
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