Taking too long? Close loading screen.
Compare over 20 mortgage insurance policies in as little as 5 minutes.
With PolicyHub you get to compare over 20 mortgage insurance policy providers in as little as 5 minutes. Save time. Save big. Get started now.
Compare over 20 top providers in North Miami Beach, FL
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple North Miami Beach, FL policies from all the leading insurers and choose the one that fits your needs.
Locked in rate discount and exclusive deals.
Benefit from exclusive deals offered only to residents of your state, and lock in huge rate discounts.
Customized policies just for you.
Our team tailors policies to your unique needs, meaning optimal coverage at competitive rates.
"I was totally lost trying to find the right mortgage insurance until I found PolicyHub. I was able to work with a licensed agent to compare all my options all at one. I got the perfect plan for me at a cheaper rate than I expected."
Barbara Winters
Policy Holder
ATTN: 2024 rates just released!
Get the latest mortgage insurance rates for 2024 and lock in your policy today! Get started comparing policies today.
Get the perfect plan with the cheapest rates in 3 easy steps.
Done in 3 easy steps
Step 1
Tell us about yourself.
Finding the perfect mortgage insurance policy starts with answering a few questions to help us serve you better.
Step 2
Compare rates & plans with a pro.
Discuss your options with a licensed insurance agent. Compare different plans to find the best policy with the cheapest rates.
Step 3
Lock in cheap rates.
Secure the lowest rates and lock in the perfect mortgage insurance policy for you and your family.
"I lost hope trying to find a mortgage insurance policy that wasn't insanely expensive. Thankfully PolicyHub helped me find the perfect policy that is affordable with high coverage. Thank you!"
Bill Barton
Policy Holder
PolicyHub is the smartest way to protect the people that matter most.
Safeguard Your Family
Mortgage insurance means safeguarding your family in a worst-case scenario. Don't risk it.
Gain Peace of Mind
Far too many Americans are financially blindsided by the death of a loved one. But not your family.
Protect Your Business
Protect your business by ensuring a smooth transition of ownership with the right mortgage insurance.
Beat Estate Taxes
Inheritance or estate taxes is burdensome for your heirs. A mortgage insurance policy can help.
Invest in Your Future
For less than $1 per day, you can make a huge contribution to your family's financial safety.
Build Your Legacy
Through a mortgage insurance policy, you can leave behind a legacy for your loved ones.
Get started in less than 5 minutes.
With PolicyHub getting started is easy. Compare all the rates from all the providers. Get started in under 5 minutes.
All your mortgage insurance needs in one place.
Private Mortgage Insurance (PMI)
PMI is your solution for buying a home with less than 20% down. It protects your lender, but also enables you to own a home sooner with less upfront cash. It's added seamlessly to your monthly mortgage payments.
FHA Mortgage Insurance Premium (MIP)
FHA's MIP is ideal for those with less-than-perfect credit scores. With an upfront premium and a smaller annual premium, MIP makes homeownership more attainable for a broad range of buyers.
USDA Mortgage Insurance
USDA Mortgage Insurance is tailored for rural homebuyers. With a manageable upfront guarantee fee and a low annual fee, it's a cost-effective way to secure your countryside dream home.
VA Funding Fee
The VA Funding Fee, unique to VA home loans, is a one-time fee that helps sustain the VA loan program for future generations of military homeowners. Depending on your service history, you may even be exempt.
"Highly HIGHLY recommend PolicyHub if you need mortage insurance. They saved me sooo much time and money on my policy, it's nuts. Comparing all the providers at once is a game changer."
Chris Stephens
Policy Holder
Introducing PolicyHub Price Match Guarantee
Our priority is to save you money while getting you the right coverage. If you find a lower rate for a similar policy anywhere else, we'll match it! With PolicyHub, you can rest assured knowing you're getting the best price.
Save time and get the best policy with the cheapest rates. Guaranteed.
 |
Option 1 | Option 2 | ||
|---|---|---|---|---|
| 100% Digital | ||||
| Licensed Agents | ||||
| Expert Support | ||||
| Get Started in 5 Minutes | ||||
| Decades of Experience | ||||
| Compare 20+ Providers | ||||
| Zero Hidden Costs | ||||
| Top Insurance Providers |
"I knew I needed mortgage insurance but I didn't know where to go. I talked with a few other companies but the cost was outrageous. I found PolicyHub and found the perfect plan for me at an affordable cost."
Wendy Smith
Policy Holder
Frequent Questions...
It is important to consider a variety of factors when looking for a mortgage insurance policy that best suits your needs in North Miami Beach, FL. Consider your budget and the current market conditions. Research policies from different companies to make sure you are getting the best deal and the right coverage. Make sure you understand the terms of any additional mortgage insurance policies you are considering, including what's covered and what's excluded, and read the fine print carefully. Finally, talk to a local professional for additional advice on the coverage options you are looking for.
How can I reduce my North Miami Beach mortgage insurance policy cost with a larger down payment?
In North Miami Beach, FL, you can reduce your mortgage insurance cost with a larger down payment by taking advantage of deposit assistance programs available, such as the state-funded Hardest Hit Fund. Through this program, first-time homebuyers may be able to receive a forgivable loan for up to 20% of their home loan's purchase price to use as a down payment for a single-family home. Additionally, borrowers in Miami-Dade County may take advantage of the Miami-Dade Homeownership One Initiative, which offers financial assistance with down payment and closing costs.
What are the benefits of having a private mortgage insurance policy North Miami Beach?
The residents of North Miami Beach, FL are especially fortunate because they can take advantage of the numerous benefits of private mortgage insurance (PMI). PMI can make it easier to purchase a home as it helps to reduce the amount of money you need for a down payment, and often also requires a lower interest rate. PMI can also provide you with a higher level of security since it serves as an additional layer of protection for both the buyer and the lender.
What is FHA mortgage insurance near North Miami Beach?
FHA mortgage insurance is a type of insurance that protects lenders against financial losses in the event a borrower defaults on an FHA loan. In North Miami Beach, FL this coverage is generally required if you have a down payment of less than 20%. FHA mortgage insurance also allows people who would not normally qualify for a conventional mortgage to obtain a home loan with attractive interest rates and very low closing costs. FHA mortgage insurance premiums are due throughout the life of the loan, making it beneficial if you plan on living in your home for a longer period of time or for a considerable amount of time.
Who is eligible for USDA insurance from North Miami Beach mortgage insurance companies?
Individuals located in North Miami Beach, FL who comply with the USDA eligibility guidelines are eligible for USDA Mortgage Insurance. The USDA requires that applicants have low and moderate income households and meet the limited income criteria guidelines. Furthermore, applicants must purchase, build, or refurbish rural properties that meet the USDA's defined rural areas boundaries. In addition, credit, repayment income, assets, and debt must meet lender-specific requirements. Moreover, applicants must be able to present suitable credit history and demonstrate financial soundness and ability to repay the loan.
People in North Miami Beach, FL who are U.S. military veterans, active duty military personnel, members of the National Guard or reservists, current or surviving spouses of military personnel, and certain other members of the U.S. Armed Forces are eligible to obtain a VA loan. The VA loan is a mortgage loan secured by the U.S. Department of Veterans Affairs that enables the borrower to purchase a primary home with no money down due to certain restrictions. Interest rates for VA loans are often lower than those of conventional mortgages.
What factors influence the cost of mortgage insurance in North Miami Beach?
In North Miami Beach, FL, there are several factors that impact mortgage insurance cost, including the type of mortgage coverage, the length of the policy, financial history, credit score, location of the property, loan-to-value ratio, and the amount of the loan. Additionally, premiums are subject to change based on market conditions, economic conditions, and the amount of insurance coverage, as determined by the lender or insurer. Ultimately, the cost of mortgage insurance depends on the buyer's individual circumstances and the rate the insurer decides to charge.
What are the requirements to cancel my North Miami Beach mortgage insurance policy?
In North Miami Beach, FL, the requirements to cancel private mortgage insurance (PMI) vary depending on the loan program you are enrolled in. Typically, homeowners must have made a minimum of 12 payments on their mortgage, pay down the balance of the loan below 80% of the most recent appraised value of the home, and paid all homeowner dues or tax payments on time for the past 12 consecutive months. Additionally, most lenders will require a written appraisal to ensure the current market value of the home is equal to or greater than the original acquisition by the homeowner.
Can my North Miami Beach mortgage insurance company help me calculate my mortgage insurance cost?
Yes, your lender can help you calculate your mortgage insurance in North Miami Beach, FL. They will be able to provide you with plenty of information on what your insurance plan should include and the rates associated with it. Your lender will be able to assess the value of your home, the amount of debt you have, and any other factors that could influence the amount of insurance you need to purchase. They will be able to create an individualized plan for you, so you can purchase the right mortgage insurance and get the best deal.
Can I opt out of services from mortgage insurance companies in North Miami Beach?
Yes, you may be eligible to opt out of mortgage insurance if you are a homeowner in North Miami Beach, FL. Generally, you may be able to do this if you can document that you have at least 20% equity in your home. Your lender may also consider factors like your creditworthiness, the type of loan you have, and your debt-to-income ratio when making the decision of whether to waive the insurance requirement. If you believe you meet the criteria to opt out of the mortgage insurance, you should contact your lender or mortgage servicer to request a review of your loan.
Compare Life Insurance Policies
Get started today and compare over 37 life insurance providers in as little as 15 minutes.
© 2024 PolicyHub - all rights reserved