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 Conroe, TX
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Conroe, 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...
In Conroe, TX, there are a few different types of mortgage insurance to consider when you are looking at home buying or refinancing options. Private Mortgage Insurance (PMI) is usually the primary option, where the lender requires protection against default from the borrower. This type of insurance typically covers the lender and not the homeowner. Another option is lender-paid mortgage insurance. This is less common and usually involves a higher interest rate to cover the lender’s cost.
Does the cost of a Conroe mortgage insurance policy depend on the size of my down payment?
The cost of mortgage insurance in Conroe, TX will most likely depend on the size of your down payment. Generally, the larger the down payment, the lower the amount of mortgage insurance. This is because a larger down payment means a lower loan-to-value (LTV) ratio, which is a measure of the loan size in comparison to the value of a home. The LTV ratio is an important factor in how much you’ll pay for mortgage insurance, which helps offset potential losses from defaults.
Do I need a private mortgage insurance policy Conroe?
Generally speaking, yes, you will likely need private mortgage insurance (PMI) if you decide to purchase a home in Conroe, TX. PMI protects the lender against borrower default and is generally required when the down payment is less than 20% of the purchase price. In Conroe, there are a variety of loan programs to choose from that may require PMI, depending on your credit score, debt-to-income ratio, and other factors.
How does FHA mortgage insurance near Conroe work?
FHA mortgage insurance is an insurance policy that makes purchasing a home in Conroe, TX with an FHA loan more obtainable for many borrowers. This type of loan requires a small down payment, usually around 3.5%, and this is where the mortgage insurance comes in. This insurance, which is paid monthly along with the mortgage payment, protects lenders in the event that borrowers default on their loan and are unable to make payments. For borrowers, it allows them to buy a home with less saved up for a down payment and usually lower interest rates.
How do Conroe mortgage insurance companies process USDA insurance?
USDA mortgage insurance protects lenders in Conroe, TX who finance homes through the USDA Mortgage Program. As with any type of mortgage insurance, the lender is protected in the event that the borrower fails to make their mortgage payments. The fee for this insurance is paid directly to the USDA by lenders and is calculated as a percentage of the loan amount. In addition, the USDA also provides an annual guarantee fee that is paid by the borrower and is used to offset any costs incurred by the lending institution. Any losses incurred by the lender are then reimbursed by the USDA.
The VA funding fee for a loan guaranteed in Conroe, TX is determined by the loan type, as well as the amount down and the number of years of service. However, the fee is usually between 2.3 and 3.6 percent of the loan's principal. For example, a VA loan for $340,000 would incur a VA funding fee of roughly $9,520 ($340,000 x 2.3% = $9,520). It is important to note that veterans with a disability rating and surviving spouses are exempt from this fee.
What factors influence the cost of mortgage insurance in Conroe?
The cost of mortgage insurance in Conroe, TX is largely influenced by the size of loan you are applying for, the loan-to-value (LTV) ratio, your credit score, and the type of loan (conventional, FHA, VA, etc.). Generally, the higher the loan amount, the higher the mortgage insurance cost, as well as the higher the LTV ratio is. High credit scores can result in more favorable mortgage insurance costs, while poor credit scores can result in higher costs.
What are the requirements to cancel my Conroe mortgage insurance policy?
To cancel your mortgage insurance in Conroe, TX, you will need to meet certain criteria. Generally, these include a 20% or higher equity stake in your home, payment of all closing costs, and no late payments on a minimum of 12 months of your mortgage payments. Additionally, you must provide proof of hazard insurance and a home appraisal to ensure the value of your home has increased since you first purchased it. Lastly, you will need to submit the cancellation request to your lender in order to get a final approval.
How do I calculate mortgage insurance for a Conroe mortgage insurance company?
Calculating mortgage insurance in Conroe, TX depends on a few factors. These factors include the loan amount, the loan to value ratio (down payment), your credit score, loan term, and the particular mortgage insurance product used. Generally, the loan to value ratio, credit score, and loan term increase the cost of mortgage insurance in Conroe, TX, while the loan amount and mortgage insurance product decrease the cost.
Who is required to use mortgage insurance companies in Conroe?
Conroe, Texas homeowners who have a loan-to-value ratio (LTV) greater than 80% are typically required to purchase mortgage insurance. The LTV is a ratio calculated by dividing the loan amount by the appraised value (or purchase price, whichever is lower) of the home. Mortgage insurance is a type of insurance that helps protect lenders from losses that occur when a borrower defaults on their loan. This type of insurance is also sometimes referred to as private mortgage insurance (PMI).
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