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 Bluffdale, UT
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Bluffdale, UT 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 Bluffdale, UT protects borrowers and lenders from potential loss in the event of a borrower's default. Generally, lenders require certain amounts of mortgage insurance to qualify for a loan. As a borrower, you likely have to pay an upfront premium and a monthly premium to the lending institution or mortgage insurer. Mortgage insurance rates vary based on the type of property and down payment ratio, meaning those making smaller down payments will be charged a higher rate.
How can I reduce my Bluffdale mortgage insurance policy cost with a larger down payment?
In Bluffdale, UT, one way to reduce your mortgage insurance cost with a larger down payment is to consider a private mortgage insurance policy. With private mortgage insurance, your lender can require a smaller down payment than the traditional 20 percent of the loan amount. The coverage typically costs a fraction of the cost of traditional mortgage insurance and allows buyers to finance up to 97 percent of the home's purchase price. Additionally, smaller down payments may help free up capital for other investments and can often lower the monthly mortgage payment.
What are the drawbacks of a private mortgage insurance policy Bluffdale?
Private mortgage insurance (PMI) in Bluffdale, UT can be beneficial in many ways but does come with some drawbacks. The most common drawback is that borrowers have to pay an extra monthly fee for the insurance coverage, which increases the amount of their mortgage payments. This can be a strain on a borrowerโs budget, especially for those with limited income. Another issue is that PMI can stay with a borrower for a long period of time, even after a loan has been paid off if certain conditions are not met.
How does FHA mortgage insurance near Bluffdale work?
FHA mortgage insurance gives Bluffdale, UT homeowners buying or refinancing with an FHA loan protection against loss. Mortgage insurance premiums (MIPs) are a one-time fee due at closing, and are used to supplement the FHA loan program's down payment requirement. MIPs also protect lenders from losses if a borrower defaults on their loan.
What are the drawbacks of USDA insurance from Bluffdale mortgage insurance companies?
In Bluffdale, UT, one of the main drawbacks of USDA mortgage insurance is that it typically requires additional documentation of income, assets, and credit history, as compared to conventional loans. Additionally, there may be restrictions on where you can purchase your home typically, you must purchase a home in a rural or suburban area. The mortgage insurance also carries an upfront fee, meaning that a borrower will pay an upfront premium in addition to other closing costs. Additionally, the amount of borrowing allowed through this program might not be enough for some borrowers looking for a higher loan amount.
In Bluffdale, UT, the veteran (VA) funding fee is calculated based on the individual's individual circumstances, such as whether they are a first-time user of the loan, the loan type, and the down payment amount. The VA funding fee is a one-time fee that is paid to the VA in order to help cover the costs of administering the loan. This fee is typically rolled into the loan amount and repaid over time. Borrowers are typically offered a wide variety of discounted rates depending on their financial situation.
Are there discounts available for mortgage insurance in Bluffdale?
Yes, there are discounts available for mortgage insurance in Bluffdale, UT. For example, at XYZ Mortgage Insurance, we offer a 20% discount for clients who bundle their home and auto insurance policies together. Additionally, qualified veterans and active military members receive a 40% discount. We also provide discounts when clients pay their premiums in full up-front. Moreover, those with excellent credit scores may also find that they are eligible for discounts on their mortgage insurance premiums here in Bluffdale, UT.
When does a Bluffdale mortgage insurance policy go away?
Generally, mortgage insurance is removed from an account after the homeowner reaches 22% equity. In Bluffdale, UT, the appraised value of the home, recent comparable home sales in the area, the length of time the homeowner has had a mortgage, and the total loans taken against the home's purchase price are all taken into account when considering when mortgage insurance can be removed. The homeowner would work with their mortgage provider to ensure all criteria is met in order to have their mortgage insurance go away.
Is there an online calculator for mortgage insurance from a Bluffdale mortgage insurance company?
Yes, there is an online calculator for mortgage insurance in Bluffdale, UT. The Bluffdale Federal Credit Union offers a convenient, interactive online mortgage insurance calculator to help customers determine the premiums associated with their home loan. It accounts for a variety of factors, such as loan amount, loan-to-value ratio, borrower's credit score, loan term, and estimated home value. The calculator is designed to be user friendly and provides an accurate estimated premium rate upon completion. Additionally, the Credit Union also provides personalized assistance with mortgage insurance questions and options.
Are there alternatives to mortgage insurance companies in Bluffdale?
Yes, there are alternatives to mortgage insurance in Bluffdale, UT. Some popular alternatives include getting a piggyback loan, making a larger down payment, or getting an endorsement from the VA that waives the mortgage insurance requirement. FHA loans allow buyers in Bluffdale to put down as little as 3.5%, which can help reduce the need for mortgage insurance. In addition, a higher credit score can also reduce or waive the need for mortgage insurance.
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