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 Arcata, CA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Arcata, 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...
Choosing the right mortgage insurance policy in Arcata, CA depends on your financial needs and budget. It's important to compare the premiums, coverage, and terms of different policies to see which policy best meets your needs. Consider the features you may need, like the ability to pay premiums monthly or cancel the policy at any time. Additionally, you should choose a lender who is not only knowledgeable about mortgage insurance policies but will also provide the best customer service. They should also be able to clearly explain the different policies and help you determine which policy is best for you.
How can I reduce my Arcata mortgage insurance policy cost with a larger down payment?
If you live in the Arcata, CA area and are looking to reduce your mortgage insurance cost with a larger down payment, there are a variety of options available to you. One excellent way to reduce your monthly payments is to consider a private mortgage insurance (PMI) program offered by local lenders. This type of program allows borrowers to reduce mortgage payments by increasing the size of their down payment. Furthermore, if your credit score is high enough, some lenders may offer reduced mortgage insurance rates. Additionally, you may qualify for tax deductions or credits from the federal government related to your mortgage insurance costs.
Do I need a private mortgage insurance policy Arcata?
In Arcata, CA, whether or not you need private mortgage insurance largely depends on the type of loan you are obtaining. If you are making a down payment of less than 20% of the home's purchase price, you will likely be required to take out private mortgage insurance. If your down payment is over 20%, however, you may be able to waive the need for PMI and save money on monthly mortgage payments in the long run.
Who is eligible for FHA mortgage insurance near Arcata?
In Arcata, California, those who are eligible for FHA mortgage insurance must generally have a credit score of at least 500, and must be able to provide proof of legal residency status. The home must not have structural damage, nor should any of its features violate local zoning ordinances. Generally, the borrower must have enough income to cover three times the amount of monthly mortgage payments; however, those with lower incomes may be eligible with additional requirements. The HUD-approved lender you choose for the mortgage will review all criteria before making a loan.
How do Arcata mortgage insurance companies process USDA insurance?
USDA mortgages generally do not require a down payment, and instead, the U.S. Department of Agriculture (USDA) provides mortgage insurance to make these loans possible. The insurance is to protect both the lender and the borrower from any potential losses. For borrowers in the Arcata, CA area, USDA mortgage insurance is key to purchasing a home without a significant down payment. After closing on the loan, borrowers receive a base loan amount from the USDA. Mortgage insurance is then automatically deducted from that loan amount and applied to the premiums according to the terms of the loan.
Veterans, active duty and reserve military personnel, and their spouses may be eligible to apply for VA loans in Arcata, CA. In addition, anyone on active National Guard duty is eligible to apply for the loan. To qualify, the veteran must meet certain service requirements and may need to apply for a Certificate of Eligibility from the Department of Veterans Affairs. All borrowers must have a good credit history and enough income to cover the loan payments in order to obtain a VA loan.
Are there discounts available for mortgage insurance in Arcata?
Yes, there are discounts available for mortgage insurance in Arcata, CA. Many providers offer various discounts, so it pays to shop around for the best rate. For example, some insurers provide discounts for customers who have maintained their current policy without filing a claim for a certain period of time. You could also potentially receive a discount for securing other policies from the same provider, such as car or homeowner’s insurance. Additionally, there may be discounts for people who pay their premiums in full each year or those who are members of military, religious or professional organizations.
What are the requirements to cancel my Arcata mortgage insurance policy?
To cancel your mortgage insurance in Arcata, CA, you must apply to do so and demonstrate that your loan has enough equity and that you are current on your mortgage payments. In addition, you must have a loan-to-value ratio of 78% or less, and you may need to provide proof of a complete appraisal. A full review will be completed by your lender on your behalf to assess if you are eligible to cancel the mortgage insurance. If you meet the requirements, your lender will provide you with written confirmation that the insurance has been canceled.
Is there an online calculator for mortgage insurance from a Arcata mortgage insurance company?
Yes, Arcata homeowners can easily access an online calculator to calculate mortgage insurance. Specifically, Arcata’s Civic Credit Union provides an easy-to-use online mortgage calculator that enables potential homeowners to access mortgage information quickly and in a concise format. Not only does this online calculator allow Arcata citizens to keep up to date on relevant mortgage rates, it also provides the necessary information needed to process and complete all stages of a mortgage transaction. Furthermore, Arcata’s Civic Credit Union provides a simplified option of calculating mortgage insurance directly on its website.
Do I need mortgage insurance companies in Arcata?
While you may have heard that mortgage insurance is generally required in order to secure a loan, that is not necessarily the case in Arcata, California. Depending on the particular loan product you choose and your civilian credentials, you may qualify for 100% financing without the need for mortgage insurance. However, you should speak directly to a local lender to determine what loan options may be best for you and your particular financial situation in Arcata. Ultimately, mortgage insurance can reduce the risk for lenders and may provide additional security so it may be worth considering and seeking further advice on.
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