MI Plus Mortgage Payment Protection Benefits Application

Important!

MassHousing FHA loans and MassHousing No MI loans are not eligible for the MIPlus™ benefit.
Benefits are limited. You are responsible for making your full mortgage payment during the processing of this claim, and you are responsible for making the balance of the monthly payment not covered by your MIPlus™ benefit.
Benefit will be limited for co-borrowers to their pro-rata portion of a regular monthly payment, based on their respective share of income as used in underwriting the insured loan.

Do you have a MassHousing Mortgage with MassHousing Mortgage Insurance?

Are you currently collecting unemployment benefits from the Massachusetts Department of Unemployment Assistance (DUA)?

Borrower/Claimant Information

First name is required.

Last name is required.

Social Security # is required in the format ###-##-####.

Please enter a valid phone number.

Please enter a valid email address.

Property Address

Street address is required.

City/Town is required.

State is required.

A valid 5 or 5+4 ZIP code is required.

Mortgage Information

Where do I find my loan number?

Lender name is required.

Mortgage Loan Number is required.

Next Due Date

Employment Information

Employer name is required.

Position/Title/Type of Business is required.

Start Date

Please enter a valid start date.

End Date

Please enter a valid end date.

Have you been notified by an employer of a definite return to work date?

This question is required.

What is the date?

A valid date is required if you answered Yes to the previous question.

Have you filed a claim for unemployment benefits in any state during the past 12 months?

This question is required.

If so, which state?

A state is required if you answered Yes to the previous question.

Please select an industry from the list.

Employer Address

Please enter a valid street address.

City/Town is required.

State is required.

Please enter a valid 5 or 5+4 ZIP code.

Eligibility Criteria

I am eligible for a MIPlus™ Benefit under this application because:

I am still living in the property subject to the insured mortgage and am directly obligated to pay the insured mortgage loan You must meet this criteria to be eligible.

I have not received more than four weeks of unemployment benefits twelve months prior to the effective date of this event You must meet this criteria to be eligible.

Required Documents

You must provide evidence of unemployment by uploading the following documents:

Determination of Benefits, issued by the Massachusetts Department of Unemployment Assistance.
Copies of the last three (3) weeks of the benefits statements provided by the Massachusetts Department of Unemployment Assistance (DUA) are required for the first month of which you are applying for Mortgage Payment Protection benefits. You must send every week collected for each subsequent month.
For Benefits Statements, you may select one or more files to upload, up to a maximum of 15 files.
Only image and/or PDF files will be accepted.

Determination of Benefits

Benefits Statements

Other Terms and Conditions

Confirmation of eligibility will be determined by the MassHousing Mortgage Insurance Fund (the “Fund”) in its sole discretion. Co-signers, guarantors or other obligors on the insured mortgage loan are not eligible for MIPlus™ benefits. “Unemployed” for purposes of determining eligibility for MIPlus™ benefits means qualified to receive unemployment benefits from the DUA.

The Mortgage Insurance Fund’s obligations pursuant to my MIPlus™ benefit endorsement are limited to payment to the lender of a monthly amount not to exceed the principal and interest portion of my regular monthly payment, or $4,000 ($2,000 for loans that were approved for mortgage insurance before July 1, 2024), whichever is less, for a period not to exceed six (6) months. The MIPlus™ benefit may be paid over six consecutive months, or on separate occasions of one or more monthly periods, but the MIPlus™ benefit shall in no case exceed a total of six monthly payments.

In the event a fraudulent MIPlus™ claim is discovered subsequent to disbursement of MIPlus™ benefits having been paid by the Mortgage Insurance Fund to the Lender, the Mortgage Insurance Fund reserves the right to seek refund of payments directly from the Lender and the Lender will reverse all transactions applied subsequent to the receipt of MIPlus™ benefit payments. Late fees may be assessed against the borrower accordingly.

During the period that any MIPlus™ claim benefit is being processed, the borrower will remain obligated to remit full monthly mortgage payments to their servicer as they become due.

Only in rare circumstances will the MIPlus™ benefit be sufficient to satisfy the borrower’s entire monthly mortgage obligation. The borrower will likely need to pay a portion of such obligation during any period of unemployment in order for a full monthly mortgage payment to be recorded as fully paid by Lender.

Payment of MIPlus™ benefits by the Mortgage Insurance Fund to the Lender on behalf of the borrower will be reported annually to the borrower and the IRS using an IRS-1099-misc statement, and the payment of any MIPlus™ benefit on behalf of the borrower will not result in any adjustment to the IRS-1098-INT statement that will be issued by the Lender.

Benefit will be limited for co-borrowers to their pro-rata portion of a regular monthly payment, based on their respective share of income as used in underwriting the insured loan. In the case of the co-borrower whose income constituted less than ten percent of the total income used to underwrite the loan, no MIPlus™ benefits shall be payable to the Lender on behalf of such co-borrower.

The Mortgage Insurance Fund’s obligation to pay MIPlus™ benefits extends only to loans for which the Lender has in effect a valid primary mortgage insurance policy written by the Mortgage Insurance Fund. Upon cancellation or termination of such mortgage insurance, the MIPlus™ benefit for the loan shall automatically terminate.

The Mortgage Insurance Fund is the sole obligor for the payment of MIPlus™ benefits. Any failure of the Mortgage Insurance Fund shall not impose any obligation for payment of MIPlus™ benefits on any other party.

I have read and accept these Other Terms and Conditions

You must accept the Other Terms and Conditions to submit a claim.

Information Request Waiver

I hereby authorize the Massachusetts Department of Unemployment Assistance to release to the Massachusetts Housing Finance Agency (“the Agency”) any and all information concerning my unemployment insurance claim to assist the Agency in processing my application for and determining my eligibility for MIPlus™ benefits. You must authorize release of information to the Agency to submit a claim.

I hereby certify under pains and penalties of perjury that the information contained herein is true and complete You must certify that the information is true and complete to submit a claim.

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Returning Applicants

Already applied for MI Plus mortgage payment protection benefits? You may request an additional month of the MI Plus benefit.

Request Additional Benefits