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 Akron, OH
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Akron, OH 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 Akron, OH protects lenders against loss if a borrower defaults on her or his loan. Specifically, mortgage insurance guarantees the lender that the lender will be able to receive the full loan amount if a borrower fails to make payments. This is especially important given the high cost of property in the area. Mortgage insurance is optional but is often required for borrowers who don't have 20% of the down payment for a mortgage. Such borrowers can pay an insurance premium (in addition to their regular loan payments), and this will help protect the lender if the borrower defaults.
How does a larger down payment affect my Akron mortgage insurance policy cost?
Making a larger down payment towards your mortgage in Akron, OH can help lower your mortgage insurance cost. This is because the greater amount that you are able to contribute upfront allows for a lower risk to the lender, leading to them requiring less coverage, and ultimately, resulting in you saving money. On the other hand, if you make a smaller down payment, you may have to pay more in mortgage insurance premiums. Ultimately, the decision comes down to what works best for you and how much you are able to save.
Who is eligible for a private mortgage insurance policy Akron?
Eligibility for private mortgage insurance (PMI) in Akron, OH typically depends on factors like credit score, loan-to-value ratio, and the type of property being purchased. Those with a credit score below 580, a loan-to-value ratio higher than 80%, or purchasing a multi-unit residence, condos, or manufactured homes may need to purchase PMI. Depending on your financial situation, you may qualify for a loan program that does not require PMI.
What are the benefits of FHA mortgage insurance near Akron?
FHA mortgage insurance offers a variety of benefits to Akron residents, giving them peace of mind that their loan will be taken care of in case of an emergency. Having the lower down payment requirements found with FHA loans make them more accessible to many financially, and this helps those in the local area who may lack the funds available to put down a large down payment. Closing costs are also usually lower. Additionally, FHA mortgage insurance comes with less stringent qualification guidelines, which generally means lower credit score requirements.
Who is eligible for USDA insurance from Akron mortgage insurance companies?
In Akron, Ohio, the eligibility requirements for USDA mortgage insurance are largely in line with those of other mortgage programs, such as a sufficient credit score, stable income, and a verifiable deposit of funds into an escrow account for the down payment. However, due to the physical location of the property, additional specific criteria must be met in order to qualify for a USDA mortgage insurance. Specifically, the property must be located in a rural area as defined by the USDA and the local governing bodies.
In Akron, OH, drawbacks to utilizing a VA loan could include the need for a VA funding fee, which is a percentage of the loan, typically included in the loan and can add up to thousands of dollars. On the other hand, the obligation for down payment, closing costs, and prepaid items is generally reduced or done away with entirely if a VA loan is the chosen loan type. Furthermore, it is important to note that refinancing a VA Loan may include various charges and fees that can be a burden to a borrower.
How much is mortgage insurance in Akron?
Mortgage insurance costs vary depending on factors such as loan type, lenders and location. For Akron, OH, the amount of mortgage insurance will depend on your desired loan-to-value ratio and your credit score. Generally speaking, the higher the loan-to-value ratio and credit score, the lower the mortgage insurance amount. The best way to determine how much mortgage insurance will cost in Akron, OH is to meet with a qualified loan officer who can provide you with an accurate estimate.
Does the mortgage insurance termination process vary by Akron mortgage insurance policy?
Yes, the mortgage insurance termination process varies by lender and may also depend on local requirements in areas such as Akron, OH. In particular, lenders may have different standards in terms of the documentation and appraisal requirements they will accept in order to terminate the mortgage insurance policy. Generally, homebuyers in Akron must provide documents and reports such as an updated occupancy certificate, title insurance, survey, and home inspection prior to their mortgage insurance termination. Additionally, the borrower must provide evidence of improved net worth or equity position in order to receive a mortgage insurance policy termination.
How do I calculate mortgage insurance for a Akron mortgage insurance company?
In Akron, OH, the best way to calculate mortgage insurance is to contact your local mortgage broker or lender for assistance. They can provide you with customized advice for your specific needs and provide could provide you with a rate quote as well. It's also important to check your credit score, calculate your down payment and your income to debt ratio to get an accurate sense of what your monthly mortgage insurance payments would be. Additionally, you can get help from online mortgage calculators to get a better idea of the total costs of your mortgage insurance.
Can I opt out of services from mortgage insurance companies in Akron?
In Akron, OH, the specific regulations relating to mortgage insurance will depend upon the type of loan you have taken out and the specific lender you are dealing with. Generally, though, mortgage insurance is an optional feature, and you may be able to opt out of it provided it is allowed by your lender. It is, however, important to note that opting out of mortgage insurance can result in a higher monthly mortgage payment, so it is important to take this into consideration before making your decision.
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