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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 Houston, TX
Your one-stop-shop to compare all the rates, all at once.
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Over 20 policy provider comparison.
Explore multiple Houston, TX 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
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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.
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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.
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"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 Houston, TX is an important form of protection that can aid homeowners if they face financial hardship. It helps to cover repayment of a mortgage if the homeowners become unable to, thereby avoiding foreclosure and providing financial relief. Mortgage Insurance can also provide peace of mind in the form of an insurance policy, helping assure homeowners in Houston, TX that their home is protected. Different types of mortgage insurance exist, including private mortgage insurance (PMI) and lender paid mortgage insurance (LPMI).
How can I reduce my Houston mortgage insurance policy cost with a larger down payment?
In Houston, TX, increasing the size of your down payment is a great way to reduce your mortgage insurance costs. The larger your down payment, the smaller the mortgage loan amount and the less you'll pay in mortgage insurance costs. Furthermore, buyers that put down 20 percent or more are typically not required to pay for mortgage insurance at all. You may also qualify for a discounted rate on your mortgage insurance premiums if you have an exceptional credit score. So if you are looking to reduce the cost of your mortgage insurance in the Houston area, a larger down payment could be the solution.
What are the benefits of having a private mortgage insurance policy Houston?
Private mortgage insurance in Houston, TX can be beneficial to many potential home buyers. It can provide a more accessible path for those with lower credit scores, providing a way to obtain competitive rates and terms. PMI also helps reduce the amount of liquid assets needed for a down payment, allowing buyers to use those funds to pay closing costs or even help lower the cost of the existing mortgage. Plus, benefits such as loan balance protection can help protect buyers from defaults and repossessions and give them peace of mind.
Who is eligible for FHA mortgage insurance near Houston?
Homebuyers in Houston, TX who are seeking a Federal Housing Administration (FHA) mortgage insurance loan may be eligible if they meet certain criteria. Generally, the criteria includes having a valid social security number, proof of employment, ability to document income and assets, a minimum credit score of at least 580, and a 3.5% down payment. FHA mortgage insurance is an option for many first-time homebuyers who cannot afford to make a large down payment on a traditional mortgage.
What are the drawbacks of USDA insurance from Houston mortgage insurance companies?
In Houston, TX, one of the drawbacks of obtaining a USDA mortgage insurance is that certain properties, including condominiums, certain manufactured homes, and townhomes, are ineligible for USDA financing. Additionally, the adjustable rate mortgages and mortgages with interest-only payments are not available through this program, as only fixed-rate mortgages are allowed. Furthermore, certain types of properties may be ineligible due to their location, such as those located in a designated metropolitan area, since USDA loans are mainly intended to serve rural and low-income communities.
VA loans are available to eligible veterans, active military members, and surviving spouses of veterans. In Houston, TX, those who have served in any branch of the armed services of the United States, and active or retired reservists and members of the National Guard are eligible to apply for a VA loan. In addition, those enlisted in the Coast Guard, Army Corps of Engineers, and Air Force are also eligible for a VA loan.
What can I do to lower the cost of my mortgage insurance in Houston?
If you live in Houston, TX, one way to lower the cost of your mortgage insurance is to shop around and compare rates and coverage from different providers. Banks, credit unions, and private mortgage brokers may offer better options than the ones already available to you. Another option is to investigate the option of property tax homesteads or other homestead exemptions in your local area. These can help reduce the amount of property tax you pay, potentially lowering your monthly payment and insurance costs. Additionally, putting down a larger down payment may also reduce your insurance cost.
Can I cancel my Houston mortgage insurance policy early?
In Houston, TX, you may be able to cancel your mortgage insurance earlier than expected. The Federal Home Loan Mortgage Corporation (Freddie Mac) or the Federal National Mortgage Association (Fannie Mae) offers refinancing programs if you meet certain requirements. The Home Affordable Refinance Program offers eligible borrowers a refinanced mortgage with a lower interest rate and no mortgage insurance providing your loan is backed by those two agencies. Since requirements vary, it’s best to speak to a qualified mortgage lender to get the latest details and determine if you’re eligible.
Is there an online calculator for mortgage insurance from a Houston mortgage insurance company?
Yes, there is an online calculator for mortgage insurance in Houston, TX. The Texas Department of Insurance offers a free calculator to help you estimate the cost of mortgage insurance in the Houston area. This calculator takes into account the home’s location, purchase price, and loan amount to calculate the estimated cost of coverage. It also allows you to compare different plans in order to get the best rate. To use the calculator, all you have to do is enter the details of your mortgage into the online form, and you’ll have your results in seconds.
Are there alternatives to mortgage insurance companies in Houston?
In Houston, TX there are multiple alternatives to traditional mortgage insurance. A popular option is lender-paid mortgage insurance which allows the buyer to receive a lower rate without having to pay for mortgage insurance. Another option is to take a higher down payment which helps to reduce the amount needed from the lender thus making mortgage insurance redundant. Additionally, a piggyback loan system can be utilized, which provides a borrower with two mortgages covering the full amount of the purchase cost.
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