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 East Palo Alto, CA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple East Palo Alto, CA 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 a type of insurance that some homebuyers in East Palo Alto, CA may choose to purchase. This type of insurance is meant to protect the mortgage company in the case of default due to economic hardship. With mortgage insurance, the insurer will guarantee payment of your mortgage in the event you are unable to due to job loss or other economic issues. Mortgage insurance typically costs the homeowner an additional monthly payment, which varies depending on the insurance provider and their terms. The money is put into an escrow fund that is used to make payments to the lender in the event of a default.
How can I reduce my East Palo Alto mortgage insurance policy cost with a larger down payment?
Making a larger down payment towards your mortgage may be one way to reduce your mortgage insurance cost in East Palo Alto, CA. Financial advisors recommend a 20% down payment in order to avoid having to pay Private Mortgage Insurance (PMI). If you don't have the funds to cover the full 20%, you may be able to use a loan from a non-profit organization to help you cover the costs. Another option might be to look into federal programs such as Federal Housing Administration (FHA) loans, which often require a smaller down payment.
Who is eligible for a private mortgage insurance policy East Palo Alto?
Homeowners in East Palo Alto, CA, who are purchasing a residential property, and who put down less than 20% as a down payment on their loan, are eligible to purchase private mortgage insurance (PMI). PMI is meant to protect lenders from default, and can often make homeownership possible for those who would otherwise be unable to purchase a home. PMI is usually part of the monthly mortgage payment, and can increase a person's required monthly payment to a lender.
What are the drawbacks of FHA mortgage insurance near East Palo Alto?
FHA mortgage insurance is a required cost of obtaining an FHA-backed loan, which can be a downside for East Palo Alto, CA residents who are looking to buy or refinance a home. This insurance requires a 1.75% upfront premium, as well as an ongoing monthly premium which can be as much as 0.85%. This expense adds to the cost of the loan and can reduce a borrower’s purchasing power. In addition, the FHA often requires costly home inspections and appraisal processes which can add to the upfront costs of the loan.
Do East Palo Alto mortgage insurance companies offer USDA insurance?
USDA mortgage insurance is a special loan insurance program offered by the United States Department of Agriculture (USDA) to help low and moderate-income families from rural areas purchase a home in East Palo Alto, CA. With this mortgage insurance, borrowers who are otherwise unable to qualify for traditional mortgage financing are often able to purchase a home with no money down and flexible credit requirements. The mortgage insurance also eliminates the need to pay for private mortgage insurance (PMI), which can otherwise add hundreds of dollars to your monthly mortgage payments.
Residents of East Palo Alto, CA are eligible for the VA loan, which allows veterans and their families to purchase a home without needing to offer a down payment and typically have competitive interest rates. Additionally, closing costs and loan limits are generally higher than those of a traditional loan, making it an attractive option for those looking to buy a new home or refinance an existing one. VA loans also provide protection from some of the risks associated with mortgages, such as foreclosure or high loan balances.
Are there discounts available for mortgage insurance in East Palo Alto?
Yes, there are discounts available for mortgage insurance in East Palo Alto, CA. In order to receive a discounted rate on mortgage insurance, you may need to meet certain criteria. This can include living an environmentally-friendly lifestyle, maintaining a good credit score, and/or having a certain amount of assets or savings. Additionally, some lenders may offer lower rates for first-time homebuyers or veterans, or for people who own their home outright. You should contact different lenders and ask for quotes on mortgage insurance to compare rates and discounts.
What process do I need to follow to cancel my East Palo Alto mortgage insurance policy?
In East Palo Alto, CA, if you wish to cancel your mortgage insurance, the process involves an initial review of your loan in order to verify your eligibility. To begin the process of canceling your mortgage insurance, you must first provide your lender with proof that your outstanding loan balance has reached below 80% of the current market value of your home. Once your loan has been verified, you can then submit a request to your lender for cancellation of your mortgage insurance. Your lender will then review the request and provide you with written notification of the cancellation.
Is there an online calculator for mortgage insurance from a East Palo Alto mortgage insurance company?
Yes the National Housing Institute offers an online calculator for mortgage insurance, which is tailored to the East Palo Alto, CA area. This calculator is designed to help potential homebuyers understand the full cost of their mortgage, including potential insurance costs. Additionally, this calculator provides an estimated closing cost worksheet and monthly payment breakdowns to give homebuyers a better understanding of what to expect over the course of the mortgage. Lastly, this calculator also has a refinance calculator to assist existing homeowners in determining the best decisions for their financial situation.
Can I opt out of services from mortgage insurance companies in East Palo Alto?
In East Palo Alto, CA, you may be able to opt out of mortgage insurance depending on the type of financing and the amount of your down payment. For example, FHA loans typically require mortgage insurance if the down payment is less than 20%, but in certain cases, it may be possible to obtain barrier-free financing without this requirement. Additionally, some lenders may offer mortgage insurance buyout options for those who make a substantial down payment and put down more than 20%.
Other locations near East Palo Alto, CA
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