Can I use my HEI funds to pay for the required home insurance policy?

If you're buying home insurance and want to use your HEI funds to pay for the policy, you'll need to provide the invoice so that the policy premium can be paid at closing. For a new policy, we accept an insurance binder as temporary proof.

After receiving your funds, you're required to keep home payments such as your mortgage, insurance, and property taxes paid and current throughout your HEI term to keep your agreement in good standing. If they become delinquent, address them immediately to avoid fees, costs, or default.