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 Kenner, LA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Kenner, LA 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...
Homeowners in Kenner, LA need mortgage insurance because it provides a financial safety net in the event of natural disasters, unexpected job loss, foreclosure, or other unexpected financial hardships. Without mortgage insurance, if a homeowner falls behind on their mortgage payments due to any of these factors, they would still be liable for their entire remaining debt. Mortgage insurance relieves homeowners of this financial burden because it helps protect lenders should a borrower default on their mortgage loan.
How can I reduce my Kenner mortgage insurance policy cost with a larger down payment?
Making a larger down payment on your Kenner, LA mortgage can help you reduce your mortgage insurance cost. One of the advantages of doing this is that you will pay less interest over time and reduce the amount of your principal loan balance. To maximize your savings, consider increasing your down payment as much as possible – this is one of the most effective ways to reduce your mortgage insurance cost. If you can afford to, you could even look into making an additional lump sum principal payment once or twice a year to reduce your loan balance and mortgage insurance cost further.
Do I need a private mortgage insurance policy Kenner?
Private mortgage insurance (PMI) may be required in certain situations or if specific criteria are met. In Kenner, Louisiana, homeowners may be required to pay PMI if they opt for a HomeReady®mortgage, Home Possible® mortgage, or if they are putting down less than 20%. In most cases, PMI will roughly cost 0.5%-1% of the initial loan amount. Homeowners can expect to pay PMI each month along with their mortgage payment and, depending on the type of mortgage, may need to pay the premium for several months.
What are the drawbacks of FHA mortgage insurance near Kenner?
The drawbacks of an FHA mortgage insurance in Kenner, LA could include the need for ongoing mortgage insurance premiums. Once you have an FHA loan, you'll pay a mortgage insurance premium upfront and monthly payments for the life of the loan. The amount you pay could range from 1.75% to 3.3% of the loan amount upfront. Additionally, FHA loans in Kenner, LA may have a shorter amortization period than conventional mortgages, meaning you'll pay more in interest rate over the life of the loan and you may have fewer loan options to choose from.
What are the drawbacks of USDA insurance from Kenner mortgage insurance companies?
USDA mortgage insurance in Kenner, LA could be subject to certain drawbacks. For example, borrowers may be required to obtain the USDA's Single Family Housing Guaranteed Loan Program (SFHGLP) which could limit their loan purchasing options and cause it to take longer to close on their home. Furthermore, property purchasers in Kenner will need to meet income guidelines to be eligible for a USDA loan, and this could limit their purchasing power.
The VA funding fee is based on the type of loan, the nature of the veteran's service, and the amount of the downpayment used when purchasing a home. In Kenner, LA, veterans may be exempt from this fee depending on their military service, disability status, and other factors. Specifically, 100% disabled service members are exempt from this fee, 3% of sellers can pay on behalf of veterans in certain circumstances, and veterans who have received a state or federal grant for home ownership are likely to be exempt as well.
Can I negotiate the cost of my mortgage insurance in Kenner?
Yes, it is possible to negotiate the cost of your mortgage insurance in Kenner, LA. Your lender will be your main point of contact for this negotiation. They will work with you to determine the best terms for your situation. It is important to discuss the terms of your mortgage insurance, such as payment amounts, duration and additional fees involved. Additionally, you may want to request a discount if you have an excellent credit score or a perfect payment history. Negotiating the cost of your mortgage insurance can ultimately save you money so it's worth considering if you are looking to reduce your overall costs.
Does the mortgage insurance termination process vary by Kenner mortgage insurance policy?
Yes, the mortgage insurance termination process can vary by lender in Kenner, LA. Different lenders may have different conditions for terminating the mortgage insurance, such as the loan-to-value ratio or the amount of equity in the property. It’s important to look into the requirements from each lender as they can range from something as simple as the loan balance size and age of the loan to various credit and occupancy requirements. Additionally, you should find out how long the process can take from beginning to end, as it can vary depending on the lender.
How do I calculate mortgage insurance for a Kenner mortgage insurance company?
Calculating mortgage insurance in Kenner, LA can be a daunting task. One of the best ways to determine the cost of mortgage insurance is to contact a qualified Kenner mortgage professional. They'll be able to provide you with an accurate calculation based on a variety of factors such as your income level, your credit score, and the size of the loan. Additionally, an experienced mortgage expert will be able to provide you with detailed information regarding the various insurance products available including their eligibility requirements, coverage levels, and premium rates.
Who is required to use mortgage insurance companies in Kenner?
In Kenner, LA, mortgage insurance is mandatory for anyone who has a loan balance that exceeds 80% of their home's appraised value, or for applicants with less than a 20% down payment. This includes Federal Housing Administration (FHA) loans, as well as conventional loans with private mortgage insurance (PMI). Mortgage insurance helps lenders protect their financial investment, by providing a sort of safety net in case of a borrower default. It also enables many first-time homebuyers in Kenner, LA to purchase a home that they otherwise might not have been able to afford.
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