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 Greenfield Town, MA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Greenfield Town, MA 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 Greenfield Town, MA is governed by the state of Massachusetts and helps to protect lenders from any losses that may occur due to borrower defaults on mortgage payments. It is usually required for any mortgage with a loan-to-value (LTV) ratio of more than 80%, and provides assurance to lenders that borrowers will be able to meet their mortgage obligations. Most often, borrowers pay the mortgage insurance premiums in the form of an additional monthly fee in their mortgage payment but it can also require a full upfront payment or be added into the loan amount.
Does the cost of a Greenfield Town mortgage insurance policy depend on the size of my down payment?
The cost of mortgage insurance in Greenfield Town, MA does partially depend on the size of the down payment. The larger the down payment, the higher the likelihood that the lender will receive all of the principal, interest, and fees due on the loan leading to more reasonable mortgage insurance rates. Generally speaking, down payments of 20% or more will result in the most favorable mortgage insurance rates. In contrast, lower down payments will cause the insurance rate to increase and may require the purchase of lender coverage.
Do I need a private mortgage insurance policy Greenfield Town?
In Greenfield Town, MA, private mortgage insurance (PMI) is usually not required. The lenders in the area typically only require PMI if a buyer's down payment is less than 20% of the purchase price of the home. If PMI is required, the borrower can save on their monthly payments by requesting their lender to cancel PMI once their home's mortgage balance is paid down to 80% of its original purchase value. Ultimately, the decision to obtain PMI will depend on the individual's finances, saving history, and personal preferences.
What are the benefits of FHA mortgage insurance near Greenfield Town?
FHA mortgage insurance provides many benefits to Greenfield Town, MA homeowners. FHA mortgage insurance provides access to borrowers who may not qualify for conventional loan products due to lower down payments. Additionally, FHA loans are typically more flexible with regards to credit, allowing for lower credit scores. Furthermore, FHA mortgage insurance allows for a more lenient debt ratio, which is the ratio between what a borrower spends for housing expenses compared to their income.
Do Greenfield Town mortgage insurance companies offer USDA insurance?
USDA mortgage insurance is a valuable resource for eligible homebuyers in Greenfield Town, MA. This zero-down, 100% financing program allows buyers to purchase a home with no money down, and the insurance helps protect lenders in case of a foreclosure. In addition, closing costs are funded by the USDA, and sellers can pay up to 6% of the sales price in closing costs and concessions. As a result, USDA mortgage insurance can help put home ownership within reach for many potential homebuyers in Greenfield Town, MA.
One of the primary benefits of a VA loan for Greenfield Town, MA consumers is the opportunity to access a no-down payment loan. VA loans come without Private Mortgage Insurance, making them more cost effective than other loan options. Furthermore, VA loan limits are higher than standard conventional loans, meaning that loan amounts are typically more flexible. Additionally, the VA also offers a variety of benefits in regard to funding fees and closing costs savings. Veterans may be able to secure exemption from the funding fees, making VA financing an more attractive option for Greenfield Town, MA veterans.
Are there discounts available for mortgage insurance in Greenfield Town?
Yes! Residents of Greenfield Town, MA, can find exclusive discounts for their mortgage insurance through local providers. For instance, a few top-tier insurers now offer discounts to Greenfield Town residents. Additionally, different banks provide discounts based on customer loyalty, so any existing clients should check with their mortgage servicer to find out if they're eligible. Homeowners should research all possible avenues to receive discounts, including via loyalty programs, partner discounts, and neighborhood discounts.
When does a Greenfield Town mortgage insurance policy go away?
In Greenfield Town, MA, mortgage insurance usually goes away when the loan balance reaches 78% of the original purchase price and you have been making regular payments. The homeowner must qualify for the cancellation of mortgage insurance, however, by meeting certain criteria and making timely payments. Additionally, loans backed by Federal Housing Administration (FHA) or Department of Veteran Affairs (VA) must meet certain credit requirements and may require additional conditions in order to cancel the mortgage insurance.
How do I calculate mortgage insurance for a Greenfield Town mortgage insurance company?
If you are in Greenfield Town, MA, and you are looking to calculate mortgage insurance, you should contact a financial advisor or home loan specialist in the area. They will be able to provide tailored advice about the various options and calculations that apply to your particular financial situation and goals. Not only can they provide you with the applicable mortgage insurance rate, but they can also provide you with a breakdown of the various components involved in the calculation. Ultimately, a financial advisor or loan specialist will be able to provide the most accurate information for calculating your mortgage insurance.
Can I opt out of services from mortgage insurance companies in Greenfield Town?
Yes, you may be able to opt out of mortgage insurance in Greenfield Town, MA, as long as you provide at least a 20% down payment on the home. Mortgage insurance is typically required for mortgage loan amounts greater than 80% of the home's purchase price. If you satisfy this requirement and qualify for the mortgage in accordance with the lender's guidelines, you can opt out of mortgage insurance and save money on your monthly payment. Depending on the lender's specific criteria, there may be certain other qualifications you'll need to meet in order to opt out.
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