Details**
Coverage Period
24 months from
the closing date of
the mortgage.

Maximum Benefit
The lesser of the actual mortgage payment (PITI) or $1,800 per month.

Benefit Period
Up to a maximum of
six payments during
the 24-month
coverage term.

Vesting Period
60 days from
mortgage closing
date; no coverage
if unemployment
begins during
Vesting Period.

Waiting Period
30 days from first date
of unemployment.

Contribution Clause
For joint mortgagors,
benefit amount will
be based on the percentage the unemployed person’s income is to total qualifying income
at the time of
mortgage closing.

Conditions
- Claimant must
qualify for state unemployment benefits.
- Claims payments
cease immediately
upon re-employment.
- In the event
of subsequent
unemployment,
a new 30-day
waiting period applies.

Exclusions
- Voluntary unemployment.
- Disability or medical (mental or physical).
- Reasons listed
for denial of unemployment benefits.
- Borrowers who
are self-employed
or are aware of a pending layoff.
- Strike or lockout.

*The HELP Program
including the Job Loss Protection is made
available by the seller’s enrollment in the Creative Alliances SAvE Program. The Sellers Advantage via Exposure is an optional multifaceted program which includes the HELP Program.

**Buyer will receive an information packet with complete details of program, including eligibility and how to file a claim within 45 days of closing from the Rainy Day Foundation.

• Provides up to six months of mortgage payments during the first 24 months from date of closing if the borrower or co-borrower becomes involuntarily unemployed.
• Coverage up to $1,800 per month.
• Properties available by a certified Shorewest Agent are eligible for coverage under this program. Seller may elect not to participate.
• Cost of program is $500, payable by the seller at closing.
• Program is offered at no cost to the buyer and cannot be funded by the buyer.
• Buyer will receive an information packet with complete details of program
  coverage within 45 days of closing from the Rainy Day Foundation.

• Must be employed full-time (minimum of 30 hours per week) at time of closing.
• Cannot be self-employed, independent contractor or active duty military.
• Cannot own greater than 10% interest in his/her employer’s business.
• Must be between the ages of 18 and 66 and reside in the U.S.
• Must be eligible for state unemployment benefits.
• Program applies to primary residence, secondary homes
  and single unit investment properties.

• Buyer can purchase home with greater confidence.
• Program applies if borrower or
  co-borrower experiences involuntary loss of employment (assuming eligibility criteria
  are met).
• 24 months of coverage; can be used for multiple job losses during period for up to six months of payments (assuming criteria are met).
• Homes featuring “Job Loss Protection” easily identified
  on shorewest.com.
• Buyer may receive counseling
  and resources at no cost through HELP program.

• Program sets the seller’s home
  apart from others on the market, providing “added” value to attract potential buyers.
• Home showings may increase due to a higher level of buyer interest.
• “Job Loss Protection” listings
  are clearly identified with
  an icon on shorewest.com.
• Cost of the program is payable by seller at closing only if the buyer accepts the program.

About the Rainy Day Foundation

The Rainy Day Foundation is a non-profit 501 (c) 3 organization whose mission is to assist individuals in maintaining homeownership.

The Job Loss Protection Program is part of the HELP Program, administered by
the Rainy Day Foundation, which is intended to help buyers navigate the challenges
of homeownership.

The HELP Program provides voluntary financial and budget counseling to buyers via telephone and e-mail for the first 24 months following closing, as well as emergency counseling and grants to assist homeowners during times of financial hardship.