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 Copiague, NY
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Copiague, 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...
Mortgage insurance in Copiague, NY, is designed to protect lenders in case the homeowner defaults on the loan and is unable to make payments. It allows people who otherwise might not qualify for a loan, to obtain the financing they need to purchase a home. When a mortgage is insured, it means the lender is protected if the homeowner stops making payments. Typically the homeowner pays a one time fee or an annual premium and the insurer provides security to the lender if the loan goes into default.
What is the minimum down payment to avoid a Copiague mortgage insurance policy?
The minimum down payment needed to avoid mortgage insurance depends on the mortgage program you are looking at in Copiague, NY. For conventional loans, this would typically be 20% of the purchase price. However, Federal Housing Administration (FHA) loans require as little as 3.5% down. This is a great option for those who are unable to come up with the funds necessary for a conventional loan. Some VA loans may even be issued with no down payment, though these are rare. Speak with your lender to determine the best option for your particular needs.
Do I need a private mortgage insurance policy Copiague?
In Copiague, NY, private mortgage insurance (PMI) is generally only a requirement for borrowers who don't have the traditional 20% down payment required. Depending on the type of loan you are looking to take out, lenders may require applicants to pay for a PMI to offset their risk. Additionally, if the Copiague, NY home you are purchasing is considered high risk by the lender, the lenders may also require PMI to be paid. To find out if you are required to get PMI for your loan, talk to your lender or a loan expert.
What is FHA mortgage insurance near Copiague?
FHA mortgage insurance is a type of mortgage insurance specifically designed for those who plan to purchase or refinance a home in Copiague, NY. It is designed to protect lenders from losses resulting from loan defaults, paying back a portion of the loan if the borrower fails to meet their payments on time. This type of insurance can provide an affordable and secure option to those who are looking to purchase a home in Copiague, NY, as it allows lower down-payments and steady payments over a longer period of time in order to accommodate lower incomes.
What are the benefits of USDA insurance from Copiague mortgage insurance companies?
In Copiague, NY, the USDA mortgage insurance offers many great benefits. Potential homebuyers who don't have the required funds to make a full down payment can benefit from this type of insurance, as the USDA will provide an appropriate loan amount to cover the full purchase price and closing costs of a new home. Additionally, the interest rate that comes with USDA insured mortgage loans is usually lower than those offered by traditional lenders, and the overall mortgage payments will be more manageable for most people.
The VA funding fee is a one-time fee that is paid directly to the Department of Veterans Affairs (VA) at the time of closing. This fee helps offset losses resulting from loan defaults paid by the VA, and helps reduce the cost of the VA Home Loan program for all veterans nationwide. Copiague, NY veterans who qualify for a VA Home Loan will be required to pay a VA funding fee of either 1.25% or 3.3%, depending upon the loan type and the use of a down payment.
How much is mortgage insurance in Copiague?
Mortgage insurance in Copiague, NY usually varies from lender to lender, but typically costs between 0.5%-1.5% of the total loan amount or loan balance each year. In addition, you may have to pay upfront fees for the Mortgage Insurance Premium (MIP) as part of the closing costs. The cost of the MIP can vary depending on the type of loan, your credit score, and the size of your down payment. To find out the exact amount of insurance you will have to pay, it's best to consult with a local mortgage professional.
What are the requirements to cancel my Copiague mortgage insurance policy?
Depending on your provider, the requirements to cancel your mortgage insurance in Copiague, NY may vary; however, generally, you’ll need to have been paying your mortgage for at least 2 years and have reached 20%-22% equity in your home based on the original purchase price. Additionally, you’ll need to provide proof of your retirement or release of lien. Other requirements may include a homeowner’s certificate of insurance, Homeowners Association questionnaire, or other applicable forms.
Can my Copiague mortgage insurance company help me calculate my mortgage insurance cost?
Yes, your lender can help you calculate your mortgage insurance in Copiague, NY. Your lender is the best resource for obtaining an accurate assessment of the cost of your mortgage insurance. They have experts that can walk you through the process and provide advice on which mortgage insurance policy is right for your needs. Additionally, they can provide you with an estimated premium cost, based on the amount of your loan and your current situation. Ultimately, they can help you find an affordable and reliable mortgage insurance policy that will best suit your needs.
Can I opt out of services from mortgage insurance companies in Copiague?
In Copiague, NY, you may be able to opt out of mortgage insurance depending on the circumstances of your loan. For instance, some lenders may allow you to cancel mortgage insurance once your loan balance drops to 80% or 78% of the original value. Furthermore, if your loan was originated after June 3 2013 you may have the right to request that the mortgage insurance be removed once the principal balance reaches 78% of the original purchase price and you have made on time payments for the past two years. You should contact your lender or an experienced mortgage professional to discuss the options available to you.
Other locations near Copiague, NY
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