Mortgage Protection Program BenefitsCertification | Eligibility | Find A Provider The Mortgage Protection Program will provide up to six months of mortgage payments if the borrower (or co-borrower) becomes involuntarily unemployed. This program provides mortgage payment coverage for the first 24 months of the loan. Within 30 to 45 days after you move into your new home, the packet will arrive that explains the unemployment overage and how to file a claim in the event of an involuntary job loss. The program provides a maximum benefit of the lesser of the actual mortgage payment (PITI) or $2,000 per month (for homes closing 1-1-10 or after). The program provides up to 6 months of payments during the 24 month coverage period. Coverage provided with an A-Excellent by A.M. Best ranking with a long-term outlook of stable. Vesting Period- Sixty (60) days from the date of settlement (If purchaser becomes unemployed during this vesting period, there is NO coverage for this occurrence of unemployment). Waiting Period- Thirty (30) days from the commencement of unemployment.