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 Garden City, NY
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Garden City, 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 Garden City, NY is a type of insurance which protects mortgage lenders if the borrower defaults on their loan. It is purchased by mortgage borrowers and typically costs a tenth of a percent of the loan amount. In Garden City, NY there are strict regulations regarding mortgage insurance and consumers should contact their lender or Citizens Bank & Trust for additional information. It is important to note that mortgage insurance does not protect the borrower, but rather the lender.
Does the cost of a Garden City mortgage insurance policy depend on the size of my down payment?
Yes, the cost of mortgage insurance in Garden City, NY can vary depending on the size of your down payment. Typically, the larger the down payment, the lower the amount of mortgage insurance you will pay. Having a higher down payment can also lower your monthly mortgage payments. If you don't make a large down payment, you may need to pay more money in mortgage insurance fees and/or a higher interest rate. It's important to speak with a knowledgeable and experienced mortgage lender in Garden City to determine the right mortgage option that fits your needs.
What is a private mortgage insurance policy Garden City?
Private Mortgage Insurance (PMI) is a type of insurance policy purchased by homeowners in Garden City, NY to protect the lender in case the borrower defaults on the loan. PMI is paid as part of your monthly mortgage payments, and lenders typically require PMI when the down payment on a loan is less than 20% of the property value. It's important to note that PMI does not cover the borrower's losses and that the homeowner is responsible for the entire loan amount, even with PMI in place.
What is FHA mortgage insurance near Garden City?
FHA mortgage insurance protects lenders in Garden City, NY and throughout the US who offer FHA-insured home loans. This insurance helps lenders to manage their risk when they make loans to buyers with lower credit scores and the inability to make large down payments. FHA mortgage insurance can lower a borrower's down payment requirement to a minimum of 3.5 percent, and also offers protection for lenders from losses due to borrowers defaulting on their FHA-insured home loans. Having FHA mortgage insurance helps to increase the availability of credit, particularly for those with less-than-perfect credit scores.
How do Garden City mortgage insurance companies process USDA insurance?
USDA loans issued in Garden City, NY are issued through a loan guarantee program offered by the US Department of Agriculture (USDA). USDA mortgage insurance is a form of mortgage insurance to guarantee lenders against potential losses that can result from defaults of a borrower's USDA loan. This protection is provided in the form of an upfront guarantee fee and an annual fee, both of which are paid by the borrower. The upfront fee, which is added to the loan balance, drops over time and can be as low as 1% of the loan balance depending on the property type and borrower's credit score.
Homebuyers in Garden City, NY have a number of mortgage solutions available to them but one of the most attractive options is a VA loan. These loans are made by private lenders and guaranteed by the Department of Veterans Affairs (VA). The benefits of a VA loan for Garden City homebuyers include no down payment requirement, limits on closing costs, competitive interest rates, relaxed credit requirements, and easier qualification than other types of mortgages. Borrowers can also skip having to pay for private mortgage insurance which often adds to the amount of of up-front money required for a traditional mortgage.
How much is mortgage insurance in Garden City?
Mortgage insurance premiums can vary depending on factors such as the size of the loan and the type of property being purchased in Garden City, NY. Generally speaking, the national average mortgage insurance premium ranges from 0.3% to 1.15% of the original loan amount per year, depending on the loan-to-value ratio. However, Garden City has its own guidelines and requirements, so it may be beneficial for you to contact a local financial advisor to learn exactly how much you will need to spend.
Does the mortgage insurance termination process vary by Garden City mortgage insurance policy?
Yes, the mortgage insurance termination process can vary by lender, particularly in the Garden City, NY area. Different lenders have different requirements for terminating mortgage insurance, such as a periodic review of borrower equity, changes made to the loan, or the total loan-to-value ratio. Additionally, some lenders may charge fees for the termination or require certain loan documents and information for review. It is important to contact the lender directly to receive specific details on the mortgage insurance termination process.
How do I calculate mortgage insurance for a Garden City mortgage insurance company?
To calculate mortgage insurance in Garden City, NY, you'll need to factor in the required amount of coverage for the mortgage loan you are seeking. Your mortgage lender should be able to provide an estimate, as this will depend on the value of the property and the down payment amount. In general, mortgage insurance is calculated as a percentage of the total loan balance (usually between 0.3%-2.0%) and is paid in regular installments (often into a trust) on top of your standard monthly mortgage payment.
Are there alternatives to mortgage insurance companies in Garden City?
Yes, there are alternatives to mortgage insurance in Garden City, NY. You can opt for a lender-paid mortgage insurance (LPMI) option, which is paid upfront, or an annual or single premium mortgage insurance, which is paid annually in one lump sum. Additionally, you can look into piggyback mortgage loans, which are two smaller mortgages used in lieu of one larger mortgage, and also offer lower down payments and more flexible payment plans.
Other locations near Garden City, 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