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 Leisure City, FL
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Leisure City, 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...
Mortgage insurance in Leisure City, FL helps to protect the lender in the event that the borrower default on their loan. This type of insurance can be either private (paid by the borrower) or public (funded by government programs). Generally, borrowers who don't have the traditional 20% down payment required to obtain a conventional mortgage opt to purchase mortgage insurance. The amount the borrower is required to pay for mortgage insurance depends on the size of the loan, the amount of the down payment, and the credit score of the borrower.
How does a larger down payment affect my Leisure City mortgage insurance policy cost?
A larger down payment in Leisure City, FL can make a big difference in your mortgage insurance costs. Due to the unique risk assessment and lending models of the area, increasing your down payment amount can help reduce the amount of monthly mortgage insurance that you have to pay. It also reduces the amount of money you need to borrow from the lender, thereby reducing your debt-to-income ratio. A larger down payment can also open up more flexible lending options that could have better loan terms, which can result in lower monthly payments or a lower interest rate.
What is a private mortgage insurance policy Leisure City?
Private Mortgage Insurance (PMI) is often required for borrowers in Leisure City, FL who don't put down at least 20% of the purchase price when buying a home. PMI is an insurance policy that protects the lender in the event that the borrower defaults on the loan. It provides insurers with a guarantee that they will be compensated for any losses they may experience due to borrower default. PMI is typically paid with the borrower’s monthly mortgage payment and is usually required until at least 20% of the original loan balance is paid down.
What are the drawbacks of FHA mortgage insurance near Leisure City?
Homeowners in Leisure City, FL who are considering taking out an FHA mortgage should be aware of the drawbacks associated with this type of loan. FHA mortgage insurance premiums are paid with the homeowner's monthly mortgage payments and are generally higher than with other loan options. Additionally, homeowners taking out FHA mortgages may need to pay upfront mortgage insurance when taking out the loan, which can add hundreds or even thousands of dollars to the closing costs.
What are the drawbacks of USDA insurance from Leisure City mortgage insurance companies?
While USDA mortgage insurance can offer an attractive option for Leisure City, FL homebuyers, it is important to be aware of the potential drawbacks. One such downside is the necessity of a down payment USDA loans require borrowers to make a down payment of at least 3% of the purchase price. Additionally, borrowers may face stricter credit and income standards than with other loans. Lastly, USDA loans are location-specific, meaning certain geographic areas could be ineligible for these types of mortgages. For these reasons, it is important to consult with a financial professional when considering a USDA loan.
Anyone who is an active-duty service member, a veteran, a surviving spouse, or a National Guard member located in Leisure City, FL may be eligible to qualify for a VA loan. To be eligible, applicants typically must have a credit score of 620 or higher, a debt-to-income ratio no higher than 41%, and must provide proof of their military service. Generally, applicants must also purchase a home with a purchase price that is within the Leisure City area's local loan limits as set by the VA.
Are there discounts available for mortgage insurance in Leisure City?
Yes, there are discounts available for mortgage insurance in Leisure City, FL. Most commonly, lenders will offer a discount to individuals who have maintained a good credit score and have a strong payment history. For those who have owned or continue to own a home for an extended period of time, some lenders also may provide a discounted rate. Additionally, if Vold Insurance is your provider, you may qualify for a special discount. It's best to contact your lender or Vold Insurance directly to learn more about what discounts are available.
Can I cancel my Leisure City mortgage insurance policy early?
Yes, you can cancel your mortgage insurance early in Leisure City, FL. If you acquired your mortgage after July 29th, 1999 with the Federal Housing Administration (FHA), you have the ability to request cancellation of the mortgage insurance once you’ve made your loan balance fall below 80% of the original value of the house through regular monthly payments. If you are making payments on your conventional loan, the timing of when you can cancel your mortgage insurance will depend on the lender and whether you opted for single-premium mortgage insurance or a monthly payment plan.
Is the mortgage insurance calculation method the same for every Leisure City mortgage insurance company?
No, the mortgage insurance calculation method is not the same for all lenders in Leisure City, FL. Lenders often have different calculation methods depending on their local regulatory requirements, customer criteria, and loan-specific guidelines. Typically, lenders will consider credit score, employment history, loan-to-value ratio, number of borrowers, and the borrower's financial history when determining the amount of mortgage insurance needed. It is best to speak with a certified mortgage professional in your area to find out more about the specific mortgage insurance calculation methods available from lenders in Leisure City, FL.
Can I opt out of services from mortgage insurance companies in Leisure City?
In Leisure City, FL, it is possible to opt out of mortgage insurance depending on your financial situation and the loan requirements. Mortgage insurance is officially known as private mortgage insurance (PMI) and is typically required for home loan borrowers who do not have a 20% down payment or higher. There are programs that potentially allow you to waive the insurance requirement if your down payment is over 10%. Talk to your lender or mortgage broker to look into your options and determine if an opt-out scenario is a viable choice for your specific needs.
Other locations near Leisure City, 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