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 Marshalltown, IA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Marshalltown, IA 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 Marshalltown, IA helps homeowners to protect themselves financially when applying for a loan. It protects lenders by providing them with a form of financial guarantee against defaulted loan payments. Generally, the cost of the insurance is rolled into the total cost of the loan. It is important for those contemplating buying a home in Marshalltown, IA to understand the amount of this insurance they will need to pay at the closing table. Knowing this can assist with budgeting and also help determine whether a home purchase is the right option in the current financial climate.
Can I avoid a Marshalltown mortgage insurance policy with a larger down payment?
Absolutely! If you're seeking to purchase a home in Marshalltown, IA, making a larger down payment can help you avoid mortgage insurance and many times lower the amount of your monthly mortgage payments as well. Having a larger down payment typically reduces the loan-to-value of a mortgage, and it can also lower the interest rate you'll need to pay. As a result, it's often beneficial for those looking to buy a home in Marshalltown, IA to have a larger down payment ready for their final purchase.
Do I need a private mortgage insurance policy Marshalltown?
Whether or not you need private mortgage insurance often depends on the lender's guidelines and where you live. In Marshalltown, IA, if you’re buying a home and putting down less than 20% of the purchase price, typically it’s necessary to obtain private mortgage insurance. That said, there are some cases where this requirement is waived. Speak with a loan officer in Marshalltown, IA to learn more about private mortgage insurance and determine what’s required of you in your particular case.
What are the drawbacks of FHA mortgage insurance near Marshalltown?
One drawback of FHA mortgage insurance in Marshalltown, IA is that it requires borrowers to pay an upfront premium which can range from one to two percent of the total loan amount. Additionally, the cost of FHA mortgage insurance increases over the life of the loan and decreases the amount of money a borrower is able to borrow. As a result, FHA mortgage insurance typically increases the amount of total costs for borrowers, making homeownership less affordable for many Marshalltown residents. Additionally, borrowers must pay an annual premium as well, which is typically collected in monthly payments.
What are the benefits of USDA insurance from Marshalltown mortgage insurance companies?
In Marshalltown, IA, a USDA mortgage insurance provides homebuyers with a number of key benefits. One advantage is you may be eligible to purchase a home with no down payment. Therefore, borrowers do not have to come up with large sums of money up front, making home ownership more affordable. Additionally, USDA mortgage insurance typically comes with low monthly payments and fixed interest rates. Those looking to build or improve their credit score might also benefit since the loan process is less stringent than other types of mortgages.
VA loans provide great benefits in terms of lower rates and the ability to purchase a home with no down payment, but there are some drawbacks to consider. In Marshalltown, IA, some lenders may not provide VA financing due to the location and borrowers may have to shop around to find a suitable lender. Another potential drawback is the fact that the fee the borrower pays to ensure the loan remains largely unchanged from what other borrowers pay. This can make VA loans slightly more costly over the long-term than conventional loans with private mortgage insurance.
Are there discounts available for mortgage insurance in Marshalltown?
Yes, discounts may be available for mortgage insurance in Marshalltown, IA. Depending on the insurer and policy, locals may be eligible for discounted rates or specials tailored to homeowners who have joined local organizations or have achieved certain criteria. Homeowners in Marshalltown should explore their options to see which mortgage insurance discounts they may qualify for as they seek to protect their investment. It's important to remember that taking out mortgage insurance is an important decision, so it's good to shop around and compare different companies to find the most ideal policy for an individual's needs.
What process do I need to follow to cancel my Marshalltown mortgage insurance policy?
In Marshalltown, IA, the process to cancel your mortgage insurance requires you to first contact your mortgage lender in writing to request the cancellation. Be sure to include your loan account number in the letter and wait for the lender to analyze your loan to determine if your loan is considered to be in a safe position going forward. It's essential that your loan balance be at least 78% of the original appraised value or 80% of the current market value. If you meet this criteria, the mortgage insurance cancellation will be granted.
Is the mortgage insurance calculation method the same for every Marshalltown mortgage insurance company?
No, mortgage insurance calculation methods may vary among different lenders in Marshalltown, IA. Factors such as the loan amount, type of loan, and whether the borrower is considered low-income or high-income may affect the mortgage insurance calculation. It is important for potential borrowers to inquire with multiple lenders to compare potential mortgage insurance rates prior to accepting a loan.
Are there alternatives to mortgage insurance companies in Marshalltown?
For residents in Marshalltown, IA, there are a few alternatives to mortgage insurance that can be considered. One option is to pay a larger down payment to cover the difference between the loan amount and the value of the house. Another possibility is to get a second mortgage that will cover part of the difference, though there will need to be careful consideration of the additional cost of doing so. In addition to these options, borrowers could also get a lender-paid mortgage insurance policy in which the lender would pay the mortgage insurance premium instead of the borrower.
Other locations near Marshalltown, IA
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