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 La Verne, CA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple La Verne, CA 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 La Verne, CA works by protecting lenders from a borrower's default or nonpayment. This insurance ensures the lender is protected from losing money due to default. In some cases, it may be required by the lender, while other lenders may require the borrower to pay private mortgage insurance. Both of these insurance forms act as a safeguard for the lender in case the borrower is unable to pay back the loan. In La Verne specifically, mortgage insurance is figured into a borrower's interest rate, similar to many other cities in the area.
How can I reduce my La Verne mortgage insurance policy cost with a larger down payment?
Making a larger down payment on your mortgage can help to reduce your mortgage insurance cost in La Verne, CA. The larger the down payment, the smaller the insurance premium that will be due. Additionally, you may be able to find a lender willing to waive the mortgage insurance requirement altogether if you are able to put at least a 20% down payment on your mortgage loan. Taking introductory homebuyer classes offered through the city of La Verne may also provide another avenue for reducing your mortgage insurance cost.
Do I need a private mortgage insurance policy La Verne?
It depends on a few factors specific to the La Verne, CA housing market. Generally, private mortgage insurance is required if you are putting down less than 20% on your loan. This is due to the fact that it protects your lender in the case of a default. If you are purchasing a home for more than the US Department of Veterans Affairs loan limit in La Verne, CA, you will be required to purchase private mortgage insurance. Additionally, if you are not putting at least 20% down, you must also purchase private mortgage insurance.
How does FHA mortgage insurance near La Verne work?
FHA mortgage insurance works to protect lenders from losses in the event of homeowner default. Specifically in La Verne, an FHA loan requires an initial mortgage insurance premium (MIP) payment of 1.75% of the loan amount, as well as an annual MIP of 0.85% if the loan amount is below 95% of the home's value. FHA also offers an Upfront MIP Financing program which allows the borrower to finance the Upfront MIP as part of the mortgage. Additionally, FHA loans also require borrowers to pay an annual premium of 0.
What are the benefits of USDA insurance from La Verne mortgage insurance companies?
Residents of La Verne, CA can benefit from USDA mortgage insurance by gaining access to low-interest rates and low or zero down payment requirements. With USDA mortgage insurance, qualified borrowers can purchase or refinance a home with up to 100% financing, providing them with the opportunity to purchase a home without the burden of cost-prohibitive down payments. In addition, borrowers can secure a loan with up to 30 year fixed-rate mortgage with no points and minimal closing costs.
The VA Funding Fee is a one-time fee paid to the VA to help cover the costs of their loans and is automatically added to the loan amount. The fee varies depending on the type of loan and how many times you have used the VA Home Loan Program. In La Verne, CA, the fee can range from 1.25 3.3% and typically decreases for subsequent uses of the VA loan. Additionally, veterans with a VA service-connected disability may be exempt from the fee.
Can I negotiate the cost of my mortgage insurance in La Verne?
Absolutely. Depending on your situation, you may be able to negotiate a better rate on your mortgage insurance in La Verne, CA and possibly receive better terms than initially offered. To do this, you should research the market, speak to other providers, and consult an expert to determine the best negotiation strategies and to understand which coverage best fits your needs. Consulting with a local home mortgage specialist or real estate attorney could also put you in the driver's seat when it comes to the negotiation process.
Can I cancel my La Verne mortgage insurance policy early?
Absolutely! In La Verne, CA, mortgage insurance can, in some cases, be canceled early. To determine if you might be eligible for earlier cancellation, it is important to contact your lender and review your loan's current terms and conditions. Additionally, you should make sure that you're current on your payments, as well as any other requirements, such as providing proof of homeownership. Remember that canceling your mortgage insurance early could result in a significant decrease in monthly payments, and you may also come out ahead financially in the long run.
Is the mortgage insurance calculation method the same for every La Verne mortgage insurance company?
No, the mortgage insurance calculation method is not the same for all lenders in La Verne, CA. Different lenders may offer different mortgage insurance options, and the calculation methods associated with each option may vary. It's best to compare various lenders in your area to ensure you choose the loan that best meets your needs. Additionally, some lenders may offer more attractive mortgage insurance policies than others, so it's important to research all available options.
Who is required to use mortgage insurance companies in La Verne?
Anyone who resides in La Verne, CA and is considering taking out a mortgage loan may be required to have mortgage insurance. The U.S. Federal Housing Administration, or FHA, sets the minimum requirements for mortgage insurance coverage. It is important to note that not all lenders will require mortgage insurance. Generally speaking, mortgage insurance must be obtained if a borrower puts down less than 20% of the purchase price of the home at closing.
Other locations near La Verne, CA
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