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 Long Beach, NY
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Long Beach, NY 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...
Mortgage insurance in Long Beach, NY helps protect lenders against default on their loan. If the homeowner is unable to make payments in the event of job loss, illness, or death, mortgage insurance will cover a portion of the remaining payments. The insurance is generally purchased by the borrower and the cost may be provided as an up-front lump sum or spread out over the life of the loan. Mortgage insurance premiums are typically bundled in with the borrower’s mortgage payments and can be tax-deductible.
Can I avoid a Long Beach mortgage insurance policy with a larger down payment?
Absolutely! By making a larger down payment, you could potentially avoid mortgage insurance altogether in Long Beach, NY. Even if you don't have enough to cover the 20% that is typically recommended for conventional mortgage insurance, a down payment that is higher than the traditional amount could help. This is referred to as "Lender Paid Mortgage Insurance" (LPMI) and is an alternative to you paying the traditional mortgage insurance out of pocket. Doing so might also reduce your mortgage rate and save you money in the long run.
Do I need a private mortgage insurance policy Long Beach?
Whether or not you'll need to purchase private mortgage insurance in Long Beach, NY, depends on the type of mortgage you're taking out. Generally, if you're obtaining a conventional loan, and your down payment is less than 20%, you will need to purchase private mortgage insurance in order to secure the loan. On the other hand, if you're able to put a 20% down payment on your home in Long Beach, NY, you may not need to purchase PMI.
What is FHA mortgage insurance near Long Beach?
FHA Mortgage Insurance is a government-backed loan program administered by the Federal Housing Authority (FHA). It helps low and moderate-income home buyers purchase a home in Long Beach, NY by providing a more affordable mortgage option with lower down payment requirements and fewer closing costs. This program is particularly useful for first-time home buyers looking to purchase a home in Long Beach, NY who might not otherwise have the funds available to them for a down payment or closing costs.
Who is eligible for USDA insurance from Long Beach mortgage insurance companies?
The USDA offers mortgage insurance to qualified home buyers in Long Beach, NY. Eligibility is based on certain criteria such as income level, location of home, and personal finances. In order to be eligible, your total annual household income must be within 115% of the median household income of the area in which the property resides. Additionally, the property must be located in a rural area as determined by USDA Rural Development guidelines. Furthermore, applicants must have credit histories which show a pattern of reliable and timely payments. Ultimately, those meeting these criteria may qualify to receive mortgage insurance through the USDA.
Residents of Long Beach, NY can benefit in many ways from a VA loan, including not having to put down a down payment, having competitive interest rates, and having no prepayment penalty fees. Plus, there is a VA loan limit in each county, and the limit for Nassau County, where Long Beach is located, is currently $767,500—which is the maximum amount of financing guaranteed by the Department of Veterans Affairs. This higher loan limit gives people in Long Beach the ability to buy more home with a VA loan than they could with any other type of mortgage loan.
Can I negotiate the cost of my mortgage insurance in Long Beach?
In Long Beach, NY, it is possible to negotiate the cost of your mortgage insurance. Due to the diverse marketplace within the island city, it’s beneficial to compare prices among major provider networks in order to obtain the best rate. Furthermore, when selecting a mortgage insurance company, evaluate whether additional services, like payment protection, are offered. Researching and comparing costs can help you make an informed decision and position yourself for the best rate available. Additionally, don’t forget to ask your lender about any discounts they may offer.
Can I cancel my Long Beach mortgage insurance policy early?
Yes, you can cancel your mortgage insurance early in Long Beach, NY. However, you should always consult with your lender first to understand the terms and conditions of this cancellation. When deciding whether to cancel your mortgage insurance, there are many factors to consider, such as whether canceling will decrease your monthly payments or whether it makes sense to keep it for greater financial protection from default. Long Beach homeowners should consider speaking with a financial professional for more information on the appropriate mortgage insurance decision for their home loan.
Is the mortgage insurance calculation method the same for every Long Beach mortgage insurance company?
No, the mortgage insurance calculation method is not the same for all lenders in Long Beach, NY. Different lenders may charge different rates, so it's important to compare potential lenders to find the best deal. Additionally, certain types of loans are eligible for lender-paid policies, which may vary in cost depending on the individual loan terms. Ultimately, the right solution for you will depend on a variety of factors, including your financial situation and loan details. A local mortgage broker in Long Beach can help walk you through the different options and determine the most suitable product for your needs.
Are there alternatives to mortgage insurance companies in Long Beach?
In Long Beach, NY, there are several alternatives to regular mortgage insurance that help residents finance their homes. For instance, you could explore the FHA 203(k) program which helps mortgage holders refinance and rehabilitate their homes in one loan. Additionally, there are veteran's programs through the United States Department of Veteran Affairs that provide special loan guarantees to qualified veterans, allowing them to purchase homes with no down payment.
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