As seen in Mortgage Professional America

By Anna Sobrevinas

Home purchases in the Mid-Atlantic markets of Maryland, Virginia and North Carolina are seeing a boost, thanks to First Heritage Mortgage’s Mortgage +Plus, according to a news release.

Mortgage +Plus, a down payment protection program, covers all FHA loan borrowers and is provided by First Heritage at no additional cost.

“As home prices and competition across the Mid-Atlantic continue to heat up, we find that many potential borrowers are seeking greater confidence in the home buying process,” said Scott Kinne, First Heritage Mortgage Vice President. “If home prices do become volatile, having peace of mind in knowing that their down payment can be protected is a game changer.”

Recent data from Dallas-based ValueInsured, a provider of down payment protection, reported 79% of non-homeowners in the country want to buy a home, and 69% would buy sooner but fear of losing their down payment because of market conditions.

“With ValueInsured’s help, we’ve introduced a new concept to the market — a mortgage product that mitigates financial risk and boosts confidence for home buyers,” said Phil Denfeld, Vice President at First Heritage Mortgage. “With Mortgage +Plus, we bring a new kind of empowerment to our customers. We’re removing the fear of a potential decline in home value after purchase and replacing it with peace of mind.”

*NOTE: Coverage restrictions apply. Please refer to for important information and disclosures on Mortgage +Plus℠ down payment protection and how it works.

Mortgage +Plus by First Heritage Mortgage is distributed by PVI Agency, LLC. PVI Agency, LLC dba ValueInsured is a licensed agency in all 50 states and the District of Columbia, and is not affiliated with First Heritage Mortgage. Terms and conditions of the insurance described herein as Mortgage +Plus, including pricing, are determined solely by the issuer of the coverage and not by First Heritage Mortgage. The description of Mortgage+Plus contained herein should not be considered as a solicitation nor an offer to provide such insurance in any jurisdiction whatsoever where it would be unlawful to do so. Approval of your mortgage loan from First Heritage Mortgage will not be conditioned upon your obtaining Mortgage +Plus down payment protection.