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 Golden Valley, MN
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Golden Valley, MN 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...
Depending on where you live in Golden Valley, MN, different types of mortgage insurance may be available. Most types of mortgage insurance can be categorized into two main categories: private mortgage insurance (PMI) and federal mortgage insurance (MI). PMI is usually purchased from a private lender to protect their investment in case the homeowner defaults on their loan. MI is offered by the federal government and is usually provided to low-income or first-time homebuyers as a form of financial assistance. MI is usually greater in amount than PMI and terms may vary depending on the particular government program.
Can I avoid a Golden Valley mortgage insurance policy with a larger down payment?
In Golden Valley, MN, it is possible to avoid mortgage insurance with a larger down payment. Generally, if a borrower puts at least 20 percent down on their mortgage, they will not be required to purchase private mortgage insurance. However, if the down payment is less than 20 percent of the purchase price, mortgage insurance will usually be necessary. If the borrower is able to put in a larger down payment upfront, they can avoid paying this extra insurance cost.
What is a private mortgage insurance policy Golden Valley?
Private mortgage insurance (PMI) is a type of insurance designed to protect mortgage lenders in case of a borrower's default on a home loan. In Golden Valley, MN, PMI is often required by mortgage lenders when the borrower's down payment is under 20% of the home loan's total value. This insurance is usually paid for by the homebuyer and is included as part of the monthly mortgage payment. PMI can be avoided by taking out a piggyback loan, obtaining a larger down payment, or getting down payment assistance.
How does FHA mortgage insurance near Golden Valley work?
FHA mortgage insurance is essential for homeowners in Golden Valley, MN as it gives them the opportunity to purchase a home with an FHA loan despite having a lower credit score or limited assets. Keep in mind, this insurance is only required for loans with a loan-to-value ratio greater than or equal to 90%. This insurance protects lenders against the risk of a borrower defaulting on the loan. Monthly premiums are paid to the government and are included in the borrower's mortgage payments. To make it easier, the borrowers can ask the lender to include the premium in their mortgage amount.
What are the drawbacks of USDA insurance from Golden Valley mortgage insurance companies?
In Golden Valley, MN, a common drawback of USDA mortgage insurance is that more strict income requirements must be met than with conventional loans. USDA mortgage insurance requires that borrowers have an income below 115% of the median income in the area they're looking to buy in. Additionally, closing costs tend to be higher than with a traditional loan. USDA mortgage insurance also has a much smaller loan limit than conventional loans do, and this limit varies depending on what county the property is located in. Lastly, a very large down payment is generally required, as little as 0% down can qualify.
In Golden Valley, MN, those who are eligible for a VA loan include Veterans, surviving spouses of Veterans, and eligible active-duty personnel from any branch of the United States Military. VA loans are also available to those who have previously obtained a VA loan and wish to purchase a new home, as well as certain other individuals who are approved by the Department of Veterans Affairs (VA).
What can I do to lower the cost of my mortgage insurance in Golden Valley?
In Golden Valley, MN, one of the best ways to lower the cost of your mortgage insurance is to make sure your credit score is as high as possible. High credit scores can often qualify you for more favorable insurance terms. It’s also a good idea to shop around for the best rates, as different companies may have different rates and terms. Finally, consider making a higher down payment up front as this will often reduce the cost of the insurance.
Can I cancel my Golden Valley mortgage insurance policy early?
Yes, you can cancel your mortgage insurance early in Golden Valley, MN. Whether that is a cost effective option for you depends on many factors, such as how long you have been paying mortgage insurance, how much equity you have already built in the property, and what type of mortgage you have. It is important to contact your lender to review your mortgage and assess whether canceling your mortgage insurance early is the best decision for you. Your lender should provide you with the estimated costs associated with canceling your mortgage insurance early and outline any associated risks.
Is there an online calculator for mortgage insurance from a Golden Valley mortgage insurance company?
Yes, there is an online calculator for mortgage insurance in Golden Valley, Minnesota. The online calculator allows people to determine the amount of money they must put down, as well as to estimate the costs associated with their mortgage. The calculator takes into consideration factors such as interest rates, insurance costs, taxes, and other fees to determine the correct amount of loan and insurance premiums. The online calculator offers the convenience of being able to adjust the loan amount and mortgage insurance rates in an instant, instead of having to wait for estimates from loan officers.
Are there alternatives to mortgage insurance companies in Golden Valley?
In Golden Valley, Minnesota, homeowners may be able to find alternatives to mortgage insurance. Homeowners could have the option of making a larger downpayment—two-to-one mortgage insurance requires at least a 20 percent downpayment—to avoid mortgage insurance. For some, a piggyback loan where both loans have down payments of at least 20% could lessen the amount of mortgage insurance needed. Finally, depending on individual credit scores, downpayment amounts, and other factors, homeowners may be able to pursue private mortgage insurance rather than mortgage insurance through an insurance company.
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