50000 personal loans are currently insured by USAA, but they are now covering five million borrowers in a nationwide program known as Midfloridas personal loan program.
The policy, called Midflora, was launched by USSA last week and is expected to cover 1.2 million Americans, with an initial investment of $100,000.
The $100 million investment is expected in 2019.
Under the new program, insured borrowers can apply for loans that are between 50000 and $10000.
The loans can be used to pay for a home down payment, or to pay down a credit card debt or car loan.
The new policy is expected help address a lack of affordable mortgage loans in the US.
The financial crisis was sparked by the subprime mortgage market, which made mortgages for home purchases that can easily be paid off in a matter of weeks or months.
According to an analysis by CreditCards.com, in the first quarter of this year, 3.5 million borrowers who applied for personal loans had their mortgages cancelled due to the financial crisis.