Overview
The flagship program of NWHEAP. Once enrolled, your home is appraised at a baseline value. If, after a five-year holding period, you sell at a loss caused by qualifying local factors, NWHEAP pays the difference up to the baseline.
What's included
- Baseline appraisal at enrollment, paid for by NWHEAP
- Coverage activates after a five-year holding period
- No annual premium — funded by member assessments
- Protects against losses from qualifying local-market factors
Eligibility
Open to owner-occupants of 1–6 unit residential properties within the NWHEAP service area. Property must be the owner's primary residence.