National homebuilder Century Communities has launched a Payment Protection program that covers mortgage payments for up to six months in the event of an involuntary job loss. The program is included during the first two years on all Century Communities and Century Complete new home purchases that finance through Inspire Home Loans.
“As the economy continues to recover, this program is designed to give qualified homebuyers an extra measure of security and confidence in the purchase of their dream home,” said Liesel Cooper, president of the Western and Mountain regions. “We’re proud that we’re able to offer this protection at no additional cost through our affiliate lender, Inspire Home Loans.”
The program features a 60-day vesting period after closing and 30-day waiting period after a qualifying job loss. It will cover up to $1,500 per month for up to six months on all principal, interest, taxes and insurance (PITI) payments.
