Taking too long? Close loading screen.
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 Cleveland, OH
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Cleveland, OH 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 you in Cleveland, OH can be a challenging process. It's important to understand the different facets of the policy, such as the coverage, the premium payments, and the term length in order to find the best one for your needs. To make sure you select the best policy possible, it's essential to research the options available to you and to compare them with your financial situation. Speaking with an experienced and knowledgeable insurance agent can be invaluable in helping you make an informed decision. Additionally, understanding what kind of policy would suit your situation is essential.
How does a larger down payment affect my Cleveland mortgage insurance policy cost?
In Cleveland, OH, making a larger down payment on your mortgage can help reduce the amount of money you pay for mortgage insurance. Because mortgage insurance is a function of the loan-to-value ratio based on your down payment, the larger the down payment you make, the lower your loan-to-value ratio will be and the more money you can save on your mortgage insurance costs. Additionally, making a larger down payment may also enable you to get more favorable interest rates and financing deals.
Who is eligible for a private mortgage insurance policy Cleveland?
In Cleveland, OH, most individuals who want to purchase a home with a loan requiring a down payment of less than 20% are eligible for private mortgage insurance (PMI). Many lenders require PMI to protect them in case a borrower defaults on their loan, so interested borrowers should ask their individual lender whether or not PMI is the best option for them. Eligibility requirements will vary from lender to lender, so it's important to shop around and ask questions to make sure you are choosing the right loan for you.
How does FHA mortgage insurance near Cleveland work?
FHA mortgage insurance in Cleveland, OH offers special benefits to homebuyers, including weighing certain attributes such as income and occupancy differently allowing more people to qualify for a loan. This type of mortgage insurance typically requires a one-time, upfront mortgage insurance premium (UFMIP), as well as an annual premium that is paid alongside monthly mortgage payments. The UFMIP, which is paid on all FHA loans, is 1.75% of the loan amount and the annual premium is .85%, which the borrower must pay the entire time the loan is in effect.
What are the benefits of USDA insurance from Cleveland mortgage insurance companies?
The USDA mortgage insurance benefit is especially pertinent to potential buyers in Cleveland, OH. With no down-payment requirement, the option to secure a USDA loan can mean the difference between taking your first steps into homeownership or remaining on the sidelines. On top of its lack of down-payment requirement, the low closing costs associated with USDA loans and the additional savings you can create through their 32% debt-to-income threshold allow for a more affordable opportunity than other types of mortgage loans. Furthermore, the USDA's 30-year fixed rate can help create lasting financial security and peace of mind.
Veterans and active duty military personnel residing in Cleveland, OH area who cannot obtain conventional financing are eligible for VA Loans. This is due to the VA's loan guarantee program which helps service members, veterans and eligible surviving spouses gain access to low-cost financing to purchase a home in the Cleveland area. Qualified borrowers can either buy an existing home or build a new home with a VA loan. Additionally, certain exemptions are available to veterans who are unable to make a down payment. VA loans offers service members, veterans and eligible surviving spouses flexible borrowing requirements and competitive interest rates.
What can I do to lower the cost of my mortgage insurance in Cleveland?
In Cleveland, OH, one way to lower the cost of your mortgage insurance is to utilize the local housing market to purchase in a low-risk area. Home values in lower-risk communities may enable you to put down the desired 20% of the purchase price as a down payment without having to pay mortgage insurance. Doing research before making a purchase is an excellent way to find out if this is a feasible option in your area. Additionally, lenders can sometimes be flexible in providing insurance adjustments that may lower your monthly costs.
Does the mortgage insurance termination process vary by Cleveland mortgage insurance policy?
In Cleveland, OH, the mortgage insurance termination process can vary depending on the lender. Each lender is likely to have its own process and requirements for mortgage insurance termination. It is recommended that homeowners in Cleveland, OH contact their lender directly to inquire about their specific mortgage insurance termination process. Additionally, it is important to confirm that all of the requirements of a home loan have been met prior to attempting any mortgage insurance termination process with the lender.
Can my Cleveland mortgage insurance company help me calculate my mortgage insurance cost?
Absolutely! A lender in Cleveland, OH can absolutely help you calculate your mortgage insurance. An experienced lending professional can provide you with personalized assistance in figuring out exactly what you need to know, as well as look at a variety of options to find the mortgage insurance that best fits your specific needs. When it comes to determining your mortgage requirements, consulting with a lender that you trust is the best way to ensure you have all the information you need before you make a decision. With their help, you can arm yourself with the knowledge to make the best financial decision for your future.
Are there alternatives to mortgage insurance companies in Cleveland?
In Cleveland, OH, there are two alternatives to mortgage insurance: private mortgage insurance and lender-paid mortgage insurance. Private mortgage insurance is a mortgage premium that can be paid in a lump-sum up front or over the life of the loan. It protects the lender if the borrower defaults on the loan. Lender-paid mortgage insurance is when the lender pays for the insurance and adds it into the cost of the loan. This can result in lower monthly payments, but the borrower is ultimately paying more in the long run.
Other locations near Cleveland, OH
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