Century Communities and Inspire Home Loans Announce Payment Protection Program Included with Century Communities and Century Complete Home Purchases

Rhea-AI Summary

Century Communities (NYSE: CCS) has launched a new Payment Protection program to ease homebuyer concerns during economic uncertainty. The program covers mortgage payments for up to six months in cases of involuntary job loss, applicable for the first two years on all home purchases financed through Inspire Home Loans.

Key features include a 60-day vesting period and a 30-day waiting period post-job loss. Eligible homebuyers can receive up to $1,500 per month for PITI payments. The initiative aims to provide added security and confidence amidst recovery efforts in the economy.

Positive

• Launch of a Payment Protection program aimed at enhancing buyer confidence.
• Coverage of up to $1,500 per month for mortgage payments for six months.
• The initiative is offered at no extra cost to homebuyers through Inspire Home Loans.

Negative

• None.

GREENWOOD VILLAGE, Colo., June 18, 2020 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), a leading national homebuilder, announced a new 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 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."

See full offer details at Live.CenturyCommunities.com/CCSPaymentProtection or CenturyCompleteHomes.com/PaymentProtection.

ADDITIONAL PROGRAM DETAILS

• 60-day vesting period after closing
• 30-day waiting period after a qualifying job loss
• Up to $1,500 per month for up to six months on all PITI payments (Principal, Interest, Taxes, Insurance)

About Century Communities
Century Communities, Inc. (NYSE: CCS) is a top 10 national homebuilder. Offering new homes under the Century Communities and Century Complete brands, Century is engaged in all aspects of homebuilding—including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Colorado-based company operates in 17 states across the U.S., and offers title, insurance and lending services in select markets through its Parkway Title, IHL Insurance Agency, and Inspire Home Loan subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.

About Inspire Home Loans
Inspire Home Loans, Inc. NMLS#1564276. Additional license information available at NMLS Consumer Access: www.nmlsconsumeraccess.org.

 

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SOURCE Century Communities, Inc.

FAQ

What is the new Payment Protection program from Century Communities?

The Payment Protection program covers mortgage payments for up to six months in case of involuntary job loss, included for the first two years of home purchases financed through Inspire Home Loans.

When was the Payment Protection program announced?

The Payment Protection program was announced on June 18, 2020.

How does the Payment Protection program work?

The program features a 60-day vesting period and a 30-day waiting period after a qualifying job loss, providing up to $1,500 per month for PITI payments.

Is there any cost for the Payment Protection program?

The program is offered at no additional cost to homebuyers.