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 Gainesville, FL
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Gainesville, FL 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 important for Gainesville, Florida homeowners because it offers valuable protection in the event of a catastrophe. Without it, a homeowner could lose his or her home if they experience financial hardship, such as an extended period of unemployment. Mortgage insurance provides a safety net for these individuals, ensuring that they do not lose their home in case of a financial downturn. Furthermore, mortgage insurance often offers extended benefits to Gainesville homeowners, such as discounts on homeowner's insurance and property taxes as well as extra cash for necessary repairs or upgrades.
Can I avoid a Gainesville mortgage insurance policy with a larger down payment?
Yes, you can avoid mortgage insurance with a larger down payment in Gainesville, FL. As part of the process, lenders require borrowers to put down at least 20% of the purchase price in order to waive the additional cost associated with mortgage insurance. Mortgage insurance protects lenders at the risk of a borrower defaulting on their loan. If you do not make a 20% down payment, there are a variety of loan programs available in Gainesville which may allow you to obtain a loan without the added cost of mortgage insurance protection.
What are the drawbacks of a private mortgage insurance policy Gainesville?
In Gainesville, Florida, one of the primary drawbacks of private mortgage insurance is cost. Unlike federal mortgage insurance programs, private mortgage insurance is not paid by the government and must typically be paid by the borrower in the form of premiums tacked on to monthly mortgage payments. Private mortgage insurance payments can add up to hundreds of dollars a year, making it difficult for low-income households to afford their mortgage payments.
Who is eligible for FHA mortgage insurance near Gainesville?
In Gainesville, FL, eligibility for FHA mortgage insurance will vary from lender to lender. Generally, applicants must be at least 18 years old, have a valid Social Security number, and provide proof of legal residency. Additionally, applicants should have a satisfactory credit history, sufficient income, and a debt-to-income ratio that falls within the lender’s requirements. Self-employed applicants will need to demonstrate that their income is stable and reliable. Before you apply for FHA mortgage insurance, it is important that you review the requirements with the lender you are considering working with.
Do Gainesville mortgage insurance companies offer USDA insurance?
USDA mortgage insurance in Gainesville, FL helps eligible homebuyers finance a home with a negligible down payment and subsidized interest rate. This option is especially attractive to rural areas, and decreases the chances of putting low-income earners in unmanageable debt. USDA mortgage insurance offers 100% financing with no down payment necessary, and could be a good option for individuals looking to purchase a home in Gainesville or surrounding areas. It requires an upfront fee of 2% of the total loan, plus a monthly fee that goes towards the loan principal and interest.
In Gainesville, FL, the VA funding fee for Veterans or their surviving spouses is determined by the Department of Veterans Affairs and varies based on the purpose of the loan, the profile of the borrower, and any down payment percentage. The funding fee is generally lower for veterans with service-connected disabilities and higher for borrowers refinancing their current VA loan. This fee helps reduce the cost of VA-guaranteed home loan and helps to ensure VA's ability to continue to provide financing for Veterans and other qualified borrowers.
How much is mortgage insurance in Gainesville?
The cost of mortgage insurance in Gainesville, FL depends on several factors, such as the size of the loan and the type of coverage you choose. Generally, the cost of mortgage insurance is determined by multiplying the loan amount by the applicable mortgage insurance rate, so the insurance cost will vary from loan to loan. In addition, Gainesville, FL has several programs available that offer reduced premium costs or forgivable loans that help cover the cost of mortgage insurance. It's best to speak with a mortgage lender who can help you determine the best mortgage insurance policy for your needs.
When does a Gainesville mortgage insurance policy go away?
In the Gainesville, FL area, mortgage insurance typically goes away when the homeowner has achieved 22% equity in their home. This takes into account the homeowner's original principal balance, the current appraised value of the home, and the amount of principal balance that has been paid down over time. Often, homeowners will reach 22% equity by making consistent payments on their mortgage over a number of years, but another way to reduce principal faster and reach this equity goal sooner may be through a lump sum payment or through a series of larger payments.
What factors are considered when calculating mortgage insurance for a Gainesville mortgage insurance company?
In Gainesville, FL, mortgage insurance is typically calculated based on factors such as the size of the loan, the borrower’s credit history and score, the value of the property, and any other related costs associated with the loan. Additionally, the local housing market’s current fluctuating rates of interest, availability of property, the area’s population trends, and the current level of inflation may be taken into account. Any savings or investments the borrower has may also be assessed in order to determine how much mortgage insurance is necessary.
Do I need mortgage insurance companies in Gainesville?
In Gainesville, FL, the answer to the question of whether you need mortgage insurance depends on several factors. If you make a down payment of less than 20%, then you may be required to get private mortgage insurance (PMI). Furthermore, those buying a house in Gainesville may be required to have mortgage insurance if the lender considers them a higher risk borrower. Additionally, if the borrower has a second mortgage or a home equity loan, then they will likely require mortgage insurance.
Other locations near Gainesville, FL
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