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 Bronx, NY
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Bronx, NY 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 for your situation in the Bronx, NY area can be a difficult choice. It's important to consider factors such as your current financial situation, current interest rates, your income, and any other potential changes that could affect your finances. It's also important to compute the cost of mortgage insurance to ensure that you aren't overpaying. To make sure you get the best deal, you should compare different insurance policies and thoroughly read any fine print. Additionally, it's recommended you speak with a reliable and experienced financial planner in the Bronx area for assistance throughout the process.
Does the cost of a Bronx mortgage insurance policy depend on the size of my down payment?
Yes, the cost of mortgage insurance in Bronx, NY does depend on the size of your down payment. Generally, the larger your down payment is, the lower the cost of mortgage insurance will be due to the reduced risk for the lender. The cost of mortgage insurance may also depend on your credit history, the type of loan and the loan amount. If you have a substantial down payment, you may avoid mortgage insurance altogether. When shopping for a loan, be sure to consider all of the aspects that will impact your cost of mortgage insurance.
Who is eligible for a private mortgage insurance policy Bronx?
Individuals living in the Bronx looking to purchase a home may be eligible for private mortgage insurance if their down payment is less than 20% of the loan amount. Depending on the lender and other factors, it may even be possible to purchase a home with a smaller down payment while still obtaining private mortgage insurance. In order to be eligible, borrowers must have good credit, proof of their sources of income, and enough money saved to cover the closing costs. A pre-approved loan from a trusted lender is the best way to determine eligibility for private mortgage insurance.
Who is eligible for FHA mortgage insurance near Bronx?
In Bronx, NY, most people who meet the US Department of Housing and Urban Development’s (HUD) general eligibility requirements are eligible to receive Federal Housing Administration (FHA) mortgage insurance. This includes borrowers with an income of at least two years and having a valid Social Security number and driver’s license or proof of legal residency. Occasionally, credit score and financial history will come into play. To get a better idea of specific eligibility requirements, it is advisable to speak to a qualified lender who is familiar with the FHA rules for Bronx, NY.
What are the benefits of USDA insurance from Bronx mortgage insurance companies?
Residents of the Bronx who use a USDA mortgage loan to purchase a home in the area can enjoy several benefits. These include low down payments, affordable interest rates, and 100% financing. Additionally, the USDA also provides mortgage insurance, which can offer individuals peace of mind in case of financial hardships that prevent timely payment. Mortgage insurance can protect borrowers from foreclosure and can help individuals retain ownership of their homes, giving people living in the Bronx financial security and stability.
In general anyone who has served in the U.S. Armed Forces is eligible for a VA loan. In addition, service members’ earning potential and credit score usually determine whether they qualify for a VA loan. In Bronx, NY, any qualified service member or veteran from any branch of the U.S. military, including the Army, Marine Corps, Navy, Air Force, and Coast Guard, as well as eligible surviving spouses and active duty servicemembers, can apply for a VA loan.
What can I do to lower the cost of my mortgage insurance in Bronx?
In Bronx, NY, there are several approaches to help lower the cost of your mortgage insurance. Generally, shopping around for the best lender and rates is a good way to start. Another way to reduce your mortgage insurance premium is to use a higher downpayment. If you are able to increase your downpayment, the cost of mortgage insurance typically decreases. Also, if you have some extra cash, you can pay for points to get a lower interest rate, which can result in lowering your mortgage insurance costs.
When does a Bronx mortgage insurance policy go away?
In Bronx, NY, mortgage insurance can go away once you have built up enough home equity or met other conditions specified in your mortgage contract. Generally, mortgage insurance typically ends once you’ve managed to pay down the principal balance of your loan to 80% of the original appraised value or sales price of your home. This means that conventional loans may no longer require mortgage insurance once homeowners have a loan-to-value ratio of less than 80%. However, other lenders may vary in their requirements, so it is best to check with your lender to make sure.
What factors are considered when calculating mortgage insurance for a Bronx mortgage insurance company?
When calculating mortgage insurance in Bronx, NY, there are a few important factors to consider including the type of loan being acquired (i.e. adjustable-rate, fixed-rate, etc.), the amount of the loan being sought, the borrower's current credit score, and the borrower's current income. Additionally, down payment size, the number of borrowers involved in the loan, the term of the loan, and the loan-to-value ratio all play a role in the mortgage insurance calculation. Certain property types, such as condos, may even require special types of insurance.
What happens if I don't use mortgage insurance companies in Bronx?
If you don't purchase mortgage insurance in Bronx, NY, you may be unable to purchase your home. Depending on your lender, the loan may require a down payment of 20 percent or higher, and you will need to provide the money up front. If you fail to get mortgage insurance, you may also have difficulty refinancing or selling the property later on, as these transactions are often more difficult without insurance. Additionally, if your house is foreclosed upon, mortgage insurance typically provides some financial protection, so not having insurance leaves you vulnerable.
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