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 Brenham, TX
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Brenham, 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
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 Brenham, TX is financial protection that insures a homeowner against any potential loss or damages that may arise when taking out a mortgage loan. It can be taken out as a one-time premium payment or a monthly fee added to a mortgage payment. This insurance policy allows homeowners to have some protection if they are unable to repay their loan, helping to keep their long-term goals on track. Mortgage insurance also covers any foreclosure proceedings as well as in the event of death or disability.
What is the minimum down payment to avoid a Brenham mortgage insurance policy?
The minimum down payment needed to avoid mortgage insurance in the city of Brenham, Texas is typically 20%. However, if the homebuyer has better credit or puts down a higher down payment of 25%-26% then mortgage insurance could be waived. Different lenders may have different criteria so it is important to discuss your options with a local lender in Brenham. A lower down payment of 5%-10% might also be available depending on programs and personal financial standing.
Do I need a private mortgage insurance policy Brenham?
Whether or not you need private mortgage insurance in Brenham, TX depends on a variety of factors, such as the type of loan you are obtaining and the size of your down payment. Generally, if you are purchasing a home with less than 20% down payment, you'll be required to take out PMI. That said, if you are utilizing certain loan programs, such as FHA or VA loans, insurance may not be necessary even with a small down payment. It's best to consult a local mortgage professional to discuss your individual lending needs so you can make an informed decision.
What are the benefits of FHA mortgage insurance near Brenham?
FHA mortgage insurance in Brenham, TX offers numerous benefits to homebuyers. Firstly, FHA loans offer lower down payment amounts compared to other types of loans, allowing you to reserve your capital for other uses. FHA loan limits in Brenham also tend to be higher than other types of loans, leaving buyers with more choices and more buying power. FHA mortgage insurance also has less-than-perfect credit restrictions, making it easier for people with a few blemishes on their credit history to get a home loan.
What are the benefits of USDA insurance from Brenham mortgage insurance companies?
If you are a resident of Brenham, TX looking for an affordable way to finance your home, USDA mortgage insurance could be the answer. USDA mortgage insurance provides a low up-front mortgage fee and no down payment, which makes borrowing more affordable. It is backed by the U.S. Department of Agriculture (USDA), so there is secure coverage for your loan. Additionally, this protection could help to save you thousands in out-of-pocket expenses. The payment terms are also more flexible and it can be easier to qualify for the insurance than with other loan programs.
The VA funding fee for Brenham, TX is calculated based on the amount of the loan, the type of veteran using the VA loan, and whether it is the first or subsequent use of a VA loan. For example, for veterans with no down payment, the funding fee can range from 0.5% to 3.6%, for veterans with down payments of 10% or more, the fee can range from 0.5% to 1.4%, and for another category of veterans, the fee can range from 2.3% to 3.6%.
What can I do to lower the cost of my mortgage insurance in Brenham?
One of the best ways to lower the cost of your mortgage insurance in Brenham, TX is to compare different mortgage insurance products from different companies. This will allow you to find the most competitive rates and terms available. Refinancing your loan with a lower interest rate can also reduce the cost of your mortgage insurance. Additionally, you may be able to take advantage of Brenham's housing programs to reduce your monthly mortgage payments and save money on mortgage insurance.
When does a Brenham mortgage insurance policy go away?
Mortgage insurance in Brenham, TX typically goes away when the principal balance of the loan drops to 80% or less of the home's original purchase price or appraised value. The amount of time it takes to reach this milestone may depend on the homeowner's loan type, financial situation, and regular monthly payments. It is important to note that this financial instrument is available for most loan types, including conventional, FHA, and VA loans. Your mortgage lender can provide more specific information and assist you in calculating when your loan may reach this threshold or if other alternatives exist.
Is the mortgage insurance calculation method the same for every Brenham mortgage insurance company?
While the basic mortgage insurance calculation formula is the same for all lenders, each lender in Brenham, TX may have its own approach for implementing this formula. Depending on additional factors, lenders may offer different types of insurance rates, including conventional, upfront, or monthly options. And, since lenders charge different amounts for mortgage insurance, it is important to shop around and compare insurance rates between lenders in Brenham, TX. To ensure you are getting the best rate, make sure to discuss your options with several local lenders before making a decision.
Are there alternatives to mortgage insurance companies in Brenham?
Yes, there are alternatives to traditional mortgage insurance available in the Brenham, TX area. Those who qualify can apply for an FHA loan, which is insured by the Federal Housing Administration (FHA). These loans require a lower down payment and offer more flexibility and leniency regarding credit score and debt-to-income ratio than conventional mortgage loans. Additionally, some private mortgage insurers, such as Genworth and MGIC, offer reduced premiums and reduced down payments for those who meet the requirements.
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