Increase your lending options without taking on new risk through NFP’s equity protection program.

Our equity protection program (EPP) increases the loan options available to banks and other lending institutions by expanding loan guidelines and parameters for a variety of home equity products in a fully insured portfolio program. By insuring loans with augmented loan-to-value thresholds, debt-to-income ratios and credit score ranges, the lender is able to expand the equity loan offerings without additional risk to the lender. In the event of default, the full balance of the covered loan is payable after approximately 90 days, without incurring expensive foreclosure, charge-off or ROA charges.

EPP delegated guidelines include:

  • Debt-to-income ratios as high as 45%
  • FICO scores as low as 660 for most loans and lines of credit
  • Maximum loan to value of 100% (133% for home improvement)
  • Up to $250,000 in limits for loans/lines