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Compare over 20 top providers in Austin, TX
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Over 20 policy provider comparison.
Explore multiple Austin, TX 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
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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.
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"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.
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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.
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"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...
In Austin, TX, homeowners have a variety of mortgage insurance options to consider. Private mortgage insurance (PMI) is generally required for borrowers making a down payment of less than 20%. PMI is insurance that protects the lender if the borrower fails to make payments. There is also Mortgage Insurance Premium (MIP) or Mortgage Insurance Policy (MIP), which offer two options either paying upfront or having the fee included in the monthly payment. Additionally, a borrower can opt for lender-paid mortgage insurance (LPMI), where the mortgage lender pays for the borrower's insurance.
How can I reduce my Austin mortgage insurance policy cost with a larger down payment?
In Austin, Texas, increasing your down payment amount when buying a home can reduce your mortgage insurance cost. Many loan programs offer lower mortgage rates and premiums when a borrower is able to make a larger down payment, and a high-priced home market like Austin means that more money down can make a huge difference in costs. Borrowers should contact a local lender or mortgage broker to find out what loans are available that can offer them the lowest fees for the highest down payments.
What are the benefits of having a private mortgage insurance policy Austin?
Austin, TX homeowners in certain circumstances may find that opting for private mortgage insurance offers them greatly reduced down payments, allowing for easier qualification for a particular loan or for larger loan amounts than conventional loans allow. In addition, mortgage insurance can mean lower monthly payments or shorter amortization periods; for example, 15-year mortgage insurance policies are available with no down payment requirements something not possible without PMI. Finally, with PMI, the flexibility to pay extra toward the principal without a penalty is an attractive benefit.
What is FHA mortgage insurance near Austin?
FHA mortgage insurance is a type of insurance offered by the Federal Housing Administration (FHA) to home buyers in Austin, Texas. Backed by the FHA, this type of insurance allows borrowers to obtain a loan with a smaller down payment and lower interest rates. The FHA mortgage insurance is especially helpful for first-time homebuyers who may not be able to afford larger down payments and higher interest rates. The FHA mortgage insurance also helps provide security for lenders since it acts as an additional layer of protection for them in the event that a homeowner defaults on their loan.
What are the benefits of USDA insurance from Austin mortgage insurance companies?
In Austin, TX, one of the many benefits of using USDA mortgage insurance is the ability to secure mortgages with low interest rates regardless of the down payment amount. Additionally, this type of loan offers flexible repayment schemes and low mortgage insurance rates, which could help the borrower to reduce overall monthly payments. Other benefits include financing up to 100% of the appraised value of the property and no maximum loan size. The USDA mortgage insurance also simplifies the loan process and eliminates the need for a loan guaranty.
Anyone who is a qualified veteran, an active-duty service member, a surviving spouse, or a qualifying dependent of a veteran can be eligible for a VA loan in Austin, TX. Additionally, those who honorably served in the National Guard or selected Reserve units are also eligible. Active-duty service members typically must serve for at least 90 consecutive days during wartime, or 181 days during peacetime in order to qualify. Most surviving spouses can avail of VA loan eligibility, though there are specific qualifications that must be met.
Can I negotiate the cost of my mortgage insurance in Austin?
Yes, you can negotiate the cost of your mortgage insurance in Austin, TX. The negotiation process involves shopping around for different insurance policies and comparing the coverage and cost offered from different companies. A great way to start is to reach out to professionals who specialize in mortgage insurance and can help match you with the most suitable and cost-effective option. It is also possible to raise your credit score by paying off a debt or two, which could lower the insurance cost on your mortgage.
What are the requirements to cancel my Austin mortgage insurance policy?
Austin, TX homeowners wishing to cancel their mortgage insurance will need to meet certain requirements. Generally, the homeowner must have at least 20% in equity of the purchase price of the home and must be up to date on their mortgage payments. Additionally, requirements may vary by lender. It is important to check with your individual lender and mortgage provider to ensure you meet all requirements prior to attempting to cancel your mortgage insurance.
Can my Austin mortgage insurance company help me calculate my mortgage insurance cost?
In Austin, TX, your lender is definitely a great resource to help you calculate your mortgage insurance, since they should be familiar with your local market. Professional lenders in Austin have access to tools and calculators to help you determine what your mortgage insurance will cost. Additionally, many lenders provide special mortgage insurance or customization options, allowing you to craft a solution that fits your budget and unique lifestyle. Make sure to speak with your lender to get an accurate assessment of your mortgage insurance total and to discuss any potential special options.
Are there alternatives to mortgage insurance companies in Austin?
Yes, in Austin, TX there are alternatives to mortgage insurance. Homeowners in Austin may look into options like the Texas Department of Housing and Community Affairs which provides down payment assistance programs to help families purchase a home. This program requires a minimal down payment, reducing the need for mortgage lenders to require mortgage insurance. Additionally, those with an existing life insurance policy may look into using amplified coverage, which combines a life insurance policy with a mortgage insurance policy, to make home ownership more accessible and secure.
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