Safeguard your future with +Plus Down Payment Protection

At Amalgamated Bank, we understand a down payment is the biggest investment most Americans make. That’s why we’re pleased to make +Plus Down Payment Protection by ValueInsured available to single-family home and condo buyers. If you need to move and sell in a market downturn — whether it’s for your career, a growing family or any other unforeseen reason — your hard-earned down payment may be protected.


Here's how it works:

If you purchase Down Payment Protection and end up selling your home at a loss due to a market downturn between 2 and 7 years, you may be reimbursed for your down payment (up to 20% of your original purchase price) or the actual equity you lost, whichever is lower.


Learn more about Down Payment Protection



Special offer for first-time homebuyers

Now you can enjoy Down Payment Protection* at no cost for the 5% down payment required when you get an eligible mortgage through our 10/1 ARM First-Time Homebuyer +Plus Program. And you'll have peace of mind knowing you may be reimbursed if you sell your home at a loss.


*For you to receive coverage, your home must be: A single-family home sold for less than it was purchased, as per The Federal Housing Finance Administration (FHFA) Home Price Index from your home’s state; sold at least 2 years after your home purchase but no more than 7 years after your home purchase; owner-occupied during the entire coverage period — no rentals; sold to an unrelated third party and no leasebacks are allowed. Coverage is not yet available for co-op purchases. Check policy terms and conditions.
All loan applications are subject to credit and property approval. There is no additional cost for Mortgage Insurance with the 10/1 ARM First-Time Homebuyer +Plus Program. Additionally, there is no additional cost for +Plus by ValueInsured Down Payment Protection on the first 5% down with the 10/1 ARM First-Time Homebuyer +Plus Program. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations may apply.
PVI Agency, LLC dba ValueInsured is a licensed agency in all 50 states and the District of Columbia, and is not affiliated with Amalgamated Bank. Terms and conditions of the insurance described herein as Down Payment Protection, including pricing, are determined solely by the issuer of the coverage and not by Amalgamated Bank. The description of Down Payment Protection 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, including, specifically, the state of New York.
The Down Payment Protection product is insurance: not a deposit — not FDIC-insured — not insured by any federal government agency — not guaranteed by the bank. Approval of your mortgage loan will not be conditioned upon your obtaining Down Payment Protection and this insurance may be available from other sources.
© 2016 Amalgamated Bank. All rights reserved. Equal Opportunity Lender. Amalgamated Bank NMLS ID#898791

  Equal Housing Lender



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To learn more about Down Payment Protection, call a mortgage loan officer today: