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 Calverton, MD
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Calverton, MD 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 is important because it offers financial protection to home buyers in Calverton, MD. Having mortgage insurance becomes especially important due to the risk of defaulting on a loan. For instance, if the monthly payments aren't made, mortgage insurance can provide the financial coverage needed to cover the remaining balance of a loan. In addition, extending or refinancing a loan may require additional mortgage insurance to ensure that the new loan is secure. Mortgage insurance is important to people living in Calverton, MD because it provides them with the chance to own a home with some security and peace of mind.
How can I reduce my Calverton mortgage insurance policy cost with a larger down payment?
If you're looking for ways to reduce your mortgage insurance cost with a larger down payment in Calverton, MD, it's good to start by examining the Federal Housing Administration (FHA) loan program, which allows for down payments as low as 3.5%, as well as conventional loans, which usually require a minimum of 10%. By increasing your down payment to 20%, your mortgage insurance cost can be significantly reduced.
What are the benefits of having a private mortgage insurance policy Calverton?
Residents of Calverton, MD benefit from private mortgage insurance (PMI) in numerous ways. PMI offers a layer of financial protection for homeowners in case of default on a loan. This type of insurance is also beneficial for homebuyers who put down less than 20% of the home's purchase price, as it enables them to obtain a loan with lower down payments. PMI allows homebuyers with less-than-stellar credit history to obtain loans with favourable interest rates, which can help them become successful homeowners.
Who is eligible for FHA mortgage insurance near Calverton?
Eligibility for FHA mortgage insurance in Calverton, MD depends on a variety of factors. This includes income, credit scores, employment history, debt-to-income ratio, and current financial obligations. Generally, those with credit scores of 580 or higher as well as documented proof of income may qualify for an FHA mortgage. First-time home buyers may also be eligible for special incentives. It's important to speak with an approved mortgage lender in Calverton, MD to find out if you meet the necessary criteria for FHA mortgage insurance.
Do Calverton mortgage insurance companies offer USDA insurance?
If you live in Calverton, MD and are looking to purchase a home, you may want to consider a USDA mortgage loan which offers mortgage insurance through the U.S. Department of Agriculture. This insurance helps borrowers obtain 100% financing from a direct lender by guaranteeing a portion of the loan amount in case of default. USDA mortgage insurance also offers lower interest rates and can make home ownership a reality for those with lower incomes or fixer-upper properties in rural areas. Additionally, there are no down payments required and no monthly mortgage insurance premiums.
Those living in or around Calverton, MD, who are Veterans, active-duty personnel, or their surviving spouses, may apply for a VA Loan. The Department of Veterans Affairs (VA) insures these loans, which are provided by private lenders. Those eligible veterans who have served 181 days of active duty during peacetime or 90 days during war time may take advantage of a low-interest, no-down payment loan with many additional benefits. The VA also allows disabled veterans to qualify for an interest rate reduction. Other potential borrowers should confirm eligibility with the Department of Veterans Affairs directly.
How much is mortgage insurance in Calverton?
The cost of mortgage insurance in Calverton, MD can vary based on the buyer's down payment, amount borrowed and credit score. Generally speaking, mortgage insurance can typically cost anywhere from 0.3% to 1.15% of the loan amount, depending on the loan-to-value ratio and credit score. However, in Maryland, mortgage insurance costs tend to be higher than in most other states due to regulations that require the insurer to cover a minimum cost for high-risk loans.
Can I cancel my Calverton mortgage insurance policy early?
In Calverton, MD, homeowners may be eligible to cancel their mortgage insurance early if they have paid down their loan to reach below a certain percentage of their original loan amount. Furthermore, they may qualify for a cancellation request after a certain amount of time has passed since obtaining the mortgage insurance. To obtain more information, homeowners should consult their individual lender and inquire about applicable rules that may apply and whether they meet the requirements for early cancellation.
How do I calculate mortgage insurance for a Calverton mortgage insurance company?
Those looking to purchase a home in Calverton, MD need to be aware of mortgage insurance, which is an added expense to borrowers with less than a 20% downpayment. The best way to calculate mortgage insurance is to contact a mortgage broker or real estate agent in the area for specific requirements and rates. A more general formula to calculate mortgage insurance often involves multiplying the loan amount by the mortgage insurance rate, which is typically expressed as a percentage.
What happens if I don't use mortgage insurance companies in Calverton?
Without mortgage insurance, borrowers in Calverton, MD may not be able to obtain a home loan. Mortgage insurance coverages helps protect lenders from losses if borrowers fail to make payments due to death, disabling injury, job loss or other financial hardship. Without it, lenders may be hesitant to lend the money for the home purchase and limit their risk. Furthermore, it is important that borrowers understand the cost of mortgage insurance and how it can help them make their payments over the life of the loan.
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