Taking too long? Close loading screen.
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 Lakeland Highlands, FL
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Lakeland Highlands, FL 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...
Homebuyers in Lakeland Highlands, FL have access to several types of mortgage insurance, including private mortgage insurance (PMI), Federal Housing Administration (FHA) mortgage insurance, Veterans Administration (VA) mortgage insurance, and US Department of Agriculture (USDA) mortgage insurance. PMI is required when a homebuyer makes a down payment of less than 20%, and it helps protect the lender if a borrower should default on the mortgage. FHA mortgage insurance is for borrowers who are purchasing a home for the first time or with poor credit histories, and ensures the lender in case of default.
How can I reduce my Lakeland Highlands mortgage insurance policy cost with a larger down payment?
Making a larger down payment on your mortgage is a smart way to save money on mortgage insurance in Lakeland Highlands, FL. By increasing the amount of your down payment and putting more money down, you can lower your monthly insurance cost. You can also look into options available from private mortgage insurance companies, contact your lender to review all loan discounts, or investigate government-insured loan options from the U.S. Department of Veterans Affairs or the Federal Housing Administration. Regardless of your financial situation, increasing your down payment is one of the smartest ways to reduce your mortgage insurance cost.
What are the drawbacks of a private mortgage insurance policy Lakeland Highlands?
Private mortgage insurance (PMI) can be a significant added expense for homeowners in Lakeland Highlands, FL, which might be undesirable in a tight budget. PMI typically requires additional payment of up to several individuals monthly payments on top of the principal and interest payments. PMI also can lead to a reduced equity in a home and an accumulation of payments that may not be refundable in the event a homeowner decides to move or refinance. Furthermore, PMI typically does not cover the homeowner in cases of a total loss, such as in the event of a natural disaster.
Who is eligible for FHA mortgage insurance near Lakeland Highlands?
In Lakeland Highlands, FL, FHA mortgage insurance is available to all borrowers who meet the FHA's credit and income requirements. Generally, those purchasing a primary residence, or refinancing a mortgage with an FHA loan, may be eligible for FHA mortgage insurance. With traditional mortgages, borrowers with less than 20% down payment would also have to purchase private mortgage insurance, however, FHA mortgage insurance covers those who don't have such a high down payment.
Do Lakeland Highlands mortgage insurance companies offer USDA insurance?
USDA mortgage insurance in Lakeland Highlands, FL is a form of mortgage insurance that is provided by the U.S. Department of Agriculture. It is specifically intended to support financing for rural homes, with eligibility based on municipal boundaries and land zoning. This type of insurance offers a variety of benefits for home buyers, including 100% loan financing as well as no generally required down payments. Additionally, USDA mortgage insurance provides very competitive interest rates and no prepayment penalty.
One potential drawback of a VA loan for homeowners in Lakeland Highlands, FL is that it does not cover unsafe building conditions or structural defects. This means that buyers should be even more diligent in their home inspection when purchasing a home. Additionally, the VA does not insure VA loans with loan amounts over the local limit, meaning that homeowners might need to put more cash toward closing costs or may need to finance a second loan. Finally, VA mortgages have higher interest rates than conventional mortgages, and some VA loans may require a funding fee, which can add to the overall costs of borrowing.
How much is mortgage insurance in Lakeland Highlands?
The cost of mortgage insurance in Lakeland Highlands, FL depends on several factors, including the size of your down payment, your credit score, and the type of loan you take out. Generally, this type of insurance can range from 0.3-1.5% of the loan amount on an annual basis, depending on the loan-to-value ratio of the home being purchased. Taking out a 15-year mortgage, as opposed to a 30-year mortgage, may also affect the amount of insurance you will be required to pay.
What process do I need to follow to cancel my Lakeland Highlands mortgage insurance policy?
If you are located in Lakeland Highlands, FL, and would like to cancel your mortgage insurance, it is important to review your specific policy and any relevant state regulations to ensure that you are able to do so legally. Additionally, most lenders require you to be up-to-date on all loan payments before the cancellation process can begin. After verifying these factors, you typically need to submit a written request, along with additional documentation, to your lender in order to successfully cancel your mortgage insurance. Once the request is processed, the lender should notify you of the cancellation.
What factors are considered when calculating mortgage insurance for a Lakeland Highlands mortgage insurance company?
When calculating mortgage insurance in Lakeland Highlands, FL, several factors are considered, including credit score, debt-to-income ratio, loan-to-value ratio, insurance type, and if it applies, the borrower's investment amount. Your credit score is used as a measure of financial responsibility and stability, and can influence the cost and availability of the loan. The debt-to-income ratio also affects the mortgage insurance calculation, as it indicates the amount of available income and how much of it can be used towards the loan and other expenses.
Can I opt out of services from mortgage insurance companies in Lakeland Highlands?
Yes, you can opt out of mortgage insurance in Lakeland Highlands, FL. To do this, you must typically have a loan-to-value ratio of 80% or lower. For example, if your home is worth $200,000, you must have at least $160,000 in equity to be able to terminate mortgage insurance. Additionally, you must also provide proof of the current market value of your home. You should consult your lender for additional details if this applies to you.
Other locations near Lakeland Highlands, FL
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