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 Horn Lake, MS
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Horn Lake, MS 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...
In Horn Lake, MS, mortgage insurance can come in different forms. Private Mortgage Insurance (PMI) is often required by banks and lenders when the borrower has less than 20% equity in the home and depending on the type of mortgage. This insurance is intended to protect the lender in case the borrower defaults on the loan. Another type of mortgage insurance is a biweekly plan, which divides the borrower's monthly mortgage payment into two halves and applies the payment every two weeks. This allows borrowers to pay off their mortgage ahead of schedule and get more equity in their home faster.
Does the cost of a Horn Lake mortgage insurance policy depend on the size of my down payment?
The cost of mortgage insurance typically depends on the size of your down payment, in addition to other things, such as the loan-to-value ratio of the property in Horn Lake, MS and your credit score. Generally, if your down payment is 20% or higher, you won't be required to pay mortgage insurance. However, if it's less than that, mortgage insurance is usually required to protect the lender against default. The cost of mortgage insurance can vary depending on a number of different factors.
What is a private mortgage insurance policy Horn Lake?
Private Mortgage Insurance (PMI) is something homebuyers in Horn Lake, MS should become familiar with when taking out a mortgage. It is an insurance policy purchased by the borrower that essentially protects the lender in the event of non-payment. PMI essentially allows buyers with less than a 20% down payment to purchase a home and makes it easier for buyers to qualify for a loan. Depending on the size of the loan, PMI can add up to an additional 1.25 -2.25% to the total loan amount.
How does FHA mortgage insurance near Horn Lake work?
FHA mortgage insurance in Horn Lake, MS is designed to protect lenders from losses that may be associated with a default in payment. The insurance is provided to a borrower through mortgage insurance premiums (MIPs), which are initially paid at closing and then paid each month for the duration of the loan. The MIP covers the lender in the event that a borrower defaults and is similar to private mortgage insurance, except that the premium is paid to HUD as a part of the monthly loan payment instead of a private insurer.
How do Horn Lake mortgage insurance companies process USDA insurance?
In Horn Lake, MS, USDA mortgage insurance works by guaranteeing loan repayment up to 97% of the loan amount. If a borrower fails to repay their loan, the USDA insurance will cover the cost of repayment and the USDA lender will not suffer a loss. In order to qualify, the borrower must meet all the criteria such as income requirements, preferring to live in rural communities, among others. USDA mortgage insurance also covers the cost of foreclosures and claims, making it an attractive option for those looking for long-term security.
One of the main drawbacks to getting a VA loan in Horn Lake, MS is the need to meet certain eligibility requirements. This may mean that certain veterans would not qualify for the loan or may need to meet certain criteria in order to qualify. Additionally, VA loans typically require an upfront fee which some veterans may not be able to pay. Another possible drawback is that the VA limits the closing costs associated with the loan, so borrowers may ultimately need to pay more in order to secure the loan.
Can I negotiate the cost of my mortgage insurance in Horn Lake?
Yes, it is possible to negotiate the cost of your mortgage insurance in Horn Lake, MS. Your loan officer may be able to advise you on the best way to steer negotiations that work in your favor. Factors like the value of the home and your credit score could affect the negotiations. As a homeowner in Horn Lake, it is important to do your research before beginning negotiations, talk to lenders to compare rates and take advantage of the free mortgage settlement services offered. Additionally, speaking with a financial planner or another mortgage specialist can help you understand the process and potentially get you a lower rate.
Can I cancel my Horn Lake mortgage insurance policy early?
In Horn Lake, MS, it is possible to cancel your mortgage insurance early; however, you will need to contact your lender to learn if and how you can do this. Your lender may require you to pay the fee in a lump sum, set up a payment plan, or something else, depending on your specific situation. Additionally, you will need to meet certain criteria be eligible to make this request. It is a good idea to check with your lender to learn what steps you need to take to cancel your mortgage insurance early.
Is the mortgage insurance calculation method the same for every Horn Lake mortgage insurance company?
While the overall calculation of mortgage insurance is similar across lenders, there can be differences in the small details. Lenders in Horn Lake, MS, may offer differing criteria that can result in different costs and coverage levels for mortgage insurance. Before signing a mortgage, it's important to understand all of the costs associated with the loan, so you can make an informed decision and ensure the best value for your loan. Loan officers or other experienced professionals can go over all of the details with you and help you make the best choice for your specific situation.
Can I opt out of services from mortgage insurance companies in Horn Lake?
In Horn Lake, MS, it is possible for borrowers to opt out of mortgage insurance depending on the type of loan they choose. For example, conventional loans may allow a borrower to put down at least 20 percent of the purchase price and avoid mortgage insurance, while loan programs such as FHA loans may require borrowers to keep mortgage insurance. Additionally, depending on the lender, some borrowers may be able to waive certain mortgage insurance requirements if they have sufficient equity in their home. However, borrowers should always speak with their lender to review their options before opting out of mortgage insurance.
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