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 Cedar City, UT
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Cedar City, 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 Cedar City, UT is a form of insurance that protects lenders from borrower defaults on home loans. This type of insurance is typically purchased to protect against the risk of default on conventional loans or those with low down payments. Mortgage insurance in Cedar City can provide peace of mind throughout the life of a home loan, helping to ensure that homeownership remains affordable and sustainable. This form of insurance typically involves a monthly payment, which can help reduce the interest rate and monthly payments to make the home loan more affordable.
Can I avoid a Cedar City mortgage insurance policy with a larger down payment?
Yes, by making a larger down payment you can avoid mortgage insurance in Cedar City, UT. Generally speaking, mortgage insurance is only required for conventional loans when the borrower puts down less than 20 percent. However, by increasing your down payment to 20 percent or more, you can get a better rate on your loan and avoid any additional insurance premiums. Another benefit of a larger down payment is that you'll need a smaller loan amount, which could reduce the amount of interest you'd pay over the life of the loan.
What are the drawbacks of a private mortgage insurance policy Cedar City?
Private mortgage insurance can be costly for homeowners located in Cedar City, UT. For each monthly mortgage payment, borrowers with less than a 20% down payment typically have to pay an additional monthly fee in order to secure insurance. Additionally, private mortgage lenders will often require borrowers to keep the insurance for the duration of the mortgage. This can add substantially to the total amount that needs to be paid over the years.
What is FHA mortgage insurance near Cedar City?
FHA Mortgage Insurance is a type of mortgage insurance that is required for any FHA loan in Cedar City, UT. It is designed to protect lenders from losses due to borrower default and provide additional security for those looking to purchase a home in Cedar City. This insurance will cover the lender's losses if a borrower fails to make their loan payments. Homebuyers must pay a one-time premium for the insurance at the time of closing in addition to their regular mortgage payments, but may benefit from lower interest rates and easier loan qualification due to the added security.
Do Cedar City mortgage insurance companies offer USDA insurance?
USDA mortgage insurance enables individuals and families in Cedar City, UT to buy a home with minimal to no down payment by providing mortgage loan guarantees to lenders. In other words, it's a way to help individuals who might not otherwise qualify for traditional home financing, acquire a loan. USDA mortgage insurance in Cedar City, UT provides competitive interest rates and an extra layer of security to lenders, giving them assurance that their loan will be paid off even if the borrower defaults on the loan. This usually means lower monthly payment amounts for borrowers.
The VA funding fee for Cedar City, UT depends on the amount of the loan and the type of borrower. Generally, the fee is roughly 2.3% of the loan amount for a first-time borrower or 3.6% for subsequent users, though the exact amount depends on the type of loan. The fee may be waived for certain Veterans including those who receive disability compensation or who are considered qualified surviving spouses. Additionally, the fee may be lowered by the lender for a first-time borrower who makes a down payment of 5 percent or more.
What factors influence the cost of mortgage insurance in Cedar City?
A variety of factors, specific to Cedar City, UT, influence the cost of mortgage insurance. These include the borrower's credit score, the size of the down payment, the property type (single-family home, condominium, cooperative, etc.), the loan type (fixed rate, adjustable rate, etc.), the loan amount, the term of the loan, the value of the property, and the mortgage insurance provider. Additionally, lenders may impose their own fees and premiums on mortgage insurance, which can vary widely.
When does a Cedar City mortgage insurance policy go away?
In Cedar City, UT, mortgage insurance typically goes away once you have reached twenty percent equity in your home. Equity is the amount of money you would have left over if you were to sell your home today and pay off the entire mortgage balance, including closing costs and fees. To ensure that mortgage insurance goes away, make sure you are making payments on time, following guidelines for home maintenance, and continuing to increase your equity. For example, you can pay additional principal payments to reduce the amount of interest you owe each month, resulting in shortening the loan duration and increasing your equity.
What factors are considered when calculating mortgage insurance for a Cedar City mortgage insurance company?
When calculating mortgage insurance in Cedar City, UT, several factors are taken into account, including credit score, loan-to-value ratio, debt-to-income, loan type, and loan amount. Your credit score is a representation of your financial history, indicating to lenders if you are a reliable borrower. Loan-to-value ratio is the amount of value the loan covers in relation to the value of the property. Debt-to-income ratio is an indicator of your ability to repay the loan, as it shows the amount of debt the borrower has versus their income.
Who is required to use mortgage insurance companies in Cedar City?
In Cedar City, UT anyone with a mortgage amount that is greater than 80 percent of the assessed value of the property is required to have mortgage insurance. This is to protect the lender in the event that the borrower does not make the required payments and defaults on the loan. Mortgage insurance can also be required if a borrower has a lower credit score or insufficient available funds for the down payment.
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