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 Lake Charles, LA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Lake Charles, 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...
Mortgage Insurance in Lake Charles, LA, provides financial protection to lenders and homeowners should a borrower fail to make their loan payments. Borrowers with a small down payment or less-than-perfect credit can benefit from this insurance, as it can help to offset any losses the lender would incur if a borrower defaults on their loan. It may also be required to reduce the interest rate or waive certain fees associated with the loan.
How does a larger down payment affect my Lake Charles mortgage insurance policy cost?
Making a larger down payment on a mortgage in Lake Charles, LA can significantly reduce the amount of mortgage insurance you will pay over the course of the loan. This is because mortgage insurance typically covers a percentage of the remaining balance of a loan. The larger a down payment you make, the lower your monthly mortgage insurance costs will be, and for some loans, it could be eliminated entirely. Consequently, putting more money down can also help lower your monthly mortgage payments and put you on track for quicker loan repayment.
What is a private mortgage insurance policy Lake Charles?
Private Mortgage Insurance (PMI) is an insurance policy that protects the lender if the borrower defaults on their mortgage loan. PMI is required for home loans with a loan-to-value ratio greater than 80%. In Lake Charles, LA, anyone purchasing a home with a loan amount greater than 78.9% of the homeβs appraised value will be required to carry PMI coverage. The coverage amount is typically 1-2% of the loan amount and the annual cost is added to the regular monthly mortgage payment.
What is FHA mortgage insurance near Lake Charles?
FHA mortgage insurance is an important service offered by the Federal Housing Administration (FHA) that helps protect borrowers in Lake Charles, LA, who are taking out an FHA-backed loan. It provides protection for the lender in case the borrower defaults on the loan so that if the borrower is unable to repay the loan, the lender will not suffer significant financial loss. FHA mortgage insurance is a required monthly fee to secure the loan, and the policy remains in effect for as long as the borrower has a loan with an FHA lender.
What are the benefits of USDA insurance from Lake Charles mortgage insurance companies?
Those looking to purchase a home in Lake Charles, LA may want to consider taking advantage of the benefits of USDA mortgage insurance. USDA mortgage insurance offers home buyers the chance to finance up to 100% of the purchase price, making it easier to secure financing and get into a home without making a down payment. Additionally, USDA mortgage insurance offers lower interest rates and reduced closing costs, meaning anyone taking advantage of the program can save money over the life of the loan. With benefits like these, USDA mortgage insurance can be a great way for Lake Charles home buyers to secure their dream home.
The VA funding fee for homebuyers in Lake Charles, LA is calculated using a formula based on the loan amount, the loan type, and the borrower's military status. The funding fee is an upfront payment made at closing, and its purpose is to help reduce the cost of home ownership for veterans and other eligible borrowers. The fee varies from 0.5% to 3.3% of the loan amount, and it may be partially or fully paid in cash or rolled into the loan.
What factors influence the cost of mortgage insurance in Lake Charles?
Many factors can influence the cost of mortgage insurance in Lake Charles, LA, such as your credit score, the loan-to-value ratio, the size of the down payment, the type of loan product, the type of property, and the length and cost of the mortgage. A borrower with a higher credit score may qualify for a more competitive rate, while a lower credit score can raise the cost of insurance. LTV ratios also play an important role in determining the price of mortgage insurance; a larger down payment typically lowers the cost of insurance.
Does the mortgage insurance termination process vary by Lake Charles mortgage insurance policy?
Yes, the mortgage insurance termination process does vary depending on the lender. In Lake Charles, Louisiana, the mortgage insurance termination process may involve different steps and paperwork requirements depending on the lender you choose. For example, some lenders may require you to provide proof of insurance or proof of payment for the initial period, while others may require different documents. It is important to check with the lender to make sure you understand the specific requirements of the termination process before agreeing to a mortgage.
Can my Lake Charles mortgage insurance company help me calculate my mortgage insurance cost?
Yes, your lender in Lake Charles, LA, can provide assistance in calculating your mortgage insurance. Their expertise in the field can help you understand the property costs associated with buying a house in the area and evaluate any down payment you have saved. Additionally, they can answer any questions you may have about mortgage insurance and can connect you with one of the many insurance providers in the area. With their help and support, you can be sure that you have the right policy in place to protect your investments.
What happens if I don't use mortgage insurance companies in Lake Charles?
If you don't get mortgage insurance in Lake Charles, LA, you assume the risk of losing your home if an unexpected financial burden arises. The value of your home could drop below the amount you owe on your mortgage if something were to happen, putting you at risk for foreclosure or taking a second loan to remain in your home. Mortgage insurance protects you from this risk and should be considered as it could save you from losing your home and the associated expenses.
Other locations near Lake Charles, LA
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