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 Aliso Viejo, CA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Aliso Viejo, CA 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 is an essential part of homeownership in Aliso Viejo, CA because it helps protect homeowners financially if their home is ever damaged or destroyed. Mortgage insurance can cover the cost of rebuilding your home and replacing items that may have been damaged or destroyed due to a certain event or circumstance. It can also provide additional cash to help keep your mortgage payments current if you experience a financial hardship due to a job loss or other unexpected event. This coverage can help keep your finances stable and make sure you stay in your dream home.
Does the cost of a Aliso Viejo mortgage insurance policy depend on the size of my down payment?
Yes, in general the cost of mortgage insurance in Aliso Viejo, CA depends on the size and source of your down payment. Conventional loan programs with less than 20% of the purchase price as down payment require mortgage insurance. The lender typically passes this cost for coverage onto the borrower. The amount of the premium can vary a good deal, usually ranging from 0.3% of the loan balance to almost 1.2%. As the size of the down payment increases, the insurance amount is reduced and/or eliminated.
Who is eligible for a private mortgage insurance policy Aliso Viejo?
In Aliso Viejo, CA, borrowers who are purchasing a residential primary residence and have a down payment of less than 20% of the purchase price are eligible for private mortgage insurance. Generally, if the loan-to-value ratio is higher than the loan program's set threshold, buyers are required to purchase private mortgage insurance, which helps protect the lender in the event that the borrower defaults on the loan. Private mortgage insurance is available for both conventional and government-insured loans, and in some cases, veterans may be exempt.
What are the benefits of FHA mortgage insurance near Aliso Viejo?
In Aliso Viejo, CA, the main benefit of FHA mortgage insurance is that it allows buyers to obtain a home loan with as little as 3.5% down payment at very competitive interest rates. Additionally, buyers often have more leeway with their loan to value ratio than conventional lenders. FHA also offers lower closing costs and flexible credit requirements, making it easier for buyers to qualify, even if they have a limited credit history. For buyers who lack the savings to cover a conventional down payment, FHA mortgage insurance provides an excellent alternative.
How do Aliso Viejo mortgage insurance companies process USDA insurance?
USDA Mortgage Insurance works by reducing the risk associated with homeownership in Aliso Viejo, CA; specifically, it enables people to purchase a home with very little money down while still ensuring that the lender is protected in case of default. Essentially, USDA Mortgage Insurance insures the loan for the lender, allowing them to loan more money without risking a significant, unrecoverable loss. By obtaining this insurance, lenders are able to offer more flexible loan terms, such as lower interest rates or more lenient debt-to-income requirements.
The VA funding fee is a one-time fee that veterans pay when taking out a VA home loan in Aliso Viejo, CA. This fee is used to help the U.S. Department of Veterans Affairs recoup its losses on VA loans made through the GI Bill. The fee amounts vary based on the type of home loan applicants select, their military service history, and their down payment amount. The VA funding fee may be reduced or even waived for veterans with service-connected disabilities or for surviving spouses of veterans who died in the line of duty.
What can I do to lower the cost of my mortgage insurance in Aliso Viejo?
If you live in Aliso Viejo, CA, one way to lower the cost of your mortgage insurance is to refinance your mortgage. By refinancing with a new mortgage loan with a lower interest rate, you may be able to potentially reduce the amount of your monthly payments, as well as the total cost of your mortgage insurance. Additionally, you could consider switching to a government-backed loan, such as an FHA loan, which could potentially result in a lower mortgage insurance premium, if eligible.
When does a Aliso Viejo mortgage insurance policy go away?
Generally speaking, mortgage insurance goes away once you have paid off the loan or when your loan balance reaches 78% of the original value of the home. However, that percentage may vary based on the type of loan and where you live. For example, in Aliso Viejo, California, qualified borrowers may cancel their mortgage insurance if the loan balance is equal to or less than 70% of the original value of the home. It's possible to check with your lender for exact details about when your mortgage insurance may be removed.
What factors are considered when calculating mortgage insurance for a Aliso Viejo mortgage insurance company?
When calculating mortgage insurance for Aliso Viejo, CA, common factors to be taken into consideration include the loan amount, interest rate, credit score, and the loan-to-value ratio. Generally, a loan-to-value ratio of 80% or less is considered lower risk, and the mortgage premium can often be waived. Higher rates or ratios generally require mortgage insurance, with the amount determined by the loan-to-value ratio in addition to the other factors. Taking all of these into account, a decision is made regarding the need for mortgage insurance.
What happens if I don't use mortgage insurance companies in Aliso Viejo?
If you're in the process of buying a home in Aliso Viejo, CA and you don't get mortgage insurance, you're putting yourself at risk for significant losses if you can't make your payments. Without mortgage insurance, if you fall behind on payments and fail to go through a successful loan modification, then you may be at risk of foreclosure. Foreclosure can have a lasting damaging effect on your credit score and can wreak havoc on your financial future. It's highly recommended to research and compare the different mortgage insurance products available to you to ensure the best protection for your financial security.
Other locations near Aliso Viejo, CA
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