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 Enterprise, AL
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Enterprise, AL 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 can be a daunting process, but it is essential to ensure you are meeting your needs and helping to protect your financial future. In Enterprise, AL, it's important to compare mortgage insurance policies from various providers to determine which one best compliments your current needs and long-term goals. It can be helpful to speak to an insurance agent in-person to discuss the different policy options and discuss any families specific needs. Additionally, assessing online resources such as reviews and articles can help you gain a more comprehensive understanding of the different types of mortgage insurance available.
Does the cost of a Enterprise mortgage insurance policy depend on the size of my down payment?
The cost of mortgage insurance in Enterprise, AL can depend on the size of your down payment. Generally speaking, the larger the down payment, the lower the cost of mortgage insurance. This is because the larger the down payment you make, the lower the risk that a lender or insurer has to cover. It is always beneficial to make a larger down payment to reduce the amount of mortgage insurance costs that may be due on your loan.
What is a private mortgage insurance policy Enterprise?
Private Mortgage Insurance (PMI) is a type of insurance that protects lenders from default risk in home loans, and is applicable to Enterprise, AL homebuyers. PMI costs are typically paid as a one-time fee at the time of closing, and are based on a percentage of the loan amount. PMI is beneficial for both the lender as well as the borrower, because it makes it easier for buyers to obtain loans when they don't have sufficient funds saved at the time of purchase.
What are the drawbacks of FHA mortgage insurance near Enterprise?
Although FHA mortgage insurance offers numerous benefits to many homebuyers in Enterprise, AL, there are some drawbacks associated with this type of insurance. For example, since it is government-sponsored insurance, you may be subject to additional costs and fees than if you had a conventional loan. Also, if your down payment is lower than 20%, a one-time upfront insurance premium is required in addition to the annual premium. Furthermore, private mortgage insurance (PMI) is required for any loan with a down payment less than 20%, which adds to the overall cost of the loan.
What are the benefits of USDA insurance from Enterprise mortgage insurance companies?
The USDA mortgage insurance in Enterprise, AL can be highly beneficial in terms of affordable housing options. By utilizing this form of home loan, buyers can benefit from lower than average down payments along with competitive interest rates and flexible loan terms. This mortgage insurance also has the ability to help lowand moderate-income families obtain favorable mortgage financing when they otherwise may not have been able to. In addition, these mortgages may be able to provide additional resources to help with closing costs and prepaid expenses. Finally, borrowers may be able to benefit by refinancing their existing loan and obtaining a lower interest rate.
In Enterprise, AL, the VA funding fee is calculated based on the borrower's military status, loan type and amount, and the down payment amount. The fee is set by the Department of Veterans Affairs and is set in place to offset the cost of providing various home loan benefits through the VA program. Generally, this fee runs from 0-3.3% of the loan amount. Veterans who are exempt from the fee include disabled Veterans, Veterans using the VA’s adapted housing grant, and eligible surviving spouses. The fee can be added to the loan amount or paid in cash at closing.
How much is mortgage insurance in Enterprise?
In Enterprise, AL, the cost of mortgage insurance will depend on the type of loan you’ve applied for. Generally, mortgage insurance on a conventional loan can range from .5%-1.15%, while FHA loans typically require mortgage insurance ranging from .45%-1.05%. Additionally, the US Department of Agriculture insures mortgages for rural properties with an upfront mortgage insurance premium of 2%. In some cases, a lender may also require you to pay an annual or monthly fee, known as an MIP (mortgage insurance premium).
What are the requirements to cancel my Enterprise mortgage insurance policy?
In order to cancel your mortgage insurance in Enterprise, AL, you must first show proof of your having at least 20% equity in your home. Additionally, you must meet both the loan-to-value (LTV) ratio and credit score minimum requirements established by your lender. Furthermore, the monthly mortgage payments must be current and consistent with what has been agreed upon in your loan documents. Finally, you must provide the lender with the appropriate documentation needed to prove you meet these requirements.
Can my Enterprise mortgage insurance company help me calculate my mortgage insurance cost?
Yes, a mortgage lender can help you calculate your mortgage insurance in Enterprise, AL. The lender can provide important information, such as loan documents and details about mortgage rates, that you'll need to accurately calculate the insurance cost. The lender can also provide advice about different loan programs and explain which one might be the best fit for your budget. Furthermore, the lender can often provide assistance in completing the paperwork, so you can quickly secure your mortgage insurance while avoiding potential errors.
Can I opt out of services from mortgage insurance companies in Enterprise?
In Enterprise, AL, you can opt out of mortgage insurance in most cases. However, it is important to note that your lender may require you to have this insurance in some cases. Additionally, certain loan programs require mortgage insurance as part of the funding package. Generally, if you put down less than 20 percent on the home, you may be required to have mortgage insurance. If you want to avoid mortgage insurance, you should consider options such as making a larger down payment or obtaining a piggyback loan, which includes two mortgages instead of 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