LOAN GURANTEE PROGRAM

Say “YES” more often with the MemberClose Loan Guarantee Program

The MemberClose LGP Program allows your credit union to make more home
equity loans without taking on more risk.

Stop turning down qualified members strictly because they do not meet the LTV requirements of your lending program.

Key Features of the Loan Guarantee Program

Eligible Loan Types– Fixed & HELOC
– Home Improvement
– Purchase Money 2nd
InsurerTrisura Insurance Co. or Nationwide Insurance Co.
Maximum Loan Amount$250,000
Maximum LTV100%
Minimum FICO660
Max Term Closed End20 Years
Max Term Open End10 Year/10 Year
DTI Closed End45%
DTI Open End45%
Lien Position1st or 2nd
Property ValuationThrough MemberClose
Insure Lien PositionThrough MemberClose
Loan ReportingExcel Spreadsheet
Premium PaymentMonthly ACH

*This document is intended to provide a broad overview of the MemberClose Loan Guarantee Program. Please refer to the actual Policy for all terms and conditions. The program is made available exclusively to credit unions participating in MemberClose.