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 Longview, TX
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Longview, TX 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...
Residents of Longview, TX have access to several types of mortgage insurance. Most commonly, homeowners will acquire private mortgage insurance (PMI). This type of insurance is beneficial to those who need to put less than 20% down when buying a home, as it covers any costs that would be incurred should the borrower default on their loan. In addition, Longview residents can opt for Federal Housing Administration (FHA) mortgage insurance, which is often available to those with lower credit scores or financial backgrounds. Lastly, veterans can take advantage of U.S.
What is the minimum down payment to avoid a Longview mortgage insurance policy?
In Longview, TX, the minimum down payment to avoid mortgage insurance is generally 20%, however, it depends the specific requirements of the loan program and the lender. Most lenders are looking for a 20% equity position in your home to bypass the need for mortgage insurance, which will help you save money in the long run. To determine the minimum amount of down payment required to avoid mortgage insurance, speak with a trusted loan officer in your area so they can assess what your best options are.
Who is eligible for a private mortgage insurance policy Longview?
In Longview, TX, most people who are deemed to have a loan-to-value ratio greater than 80% are eligible for Private Mortgage Insurance (PMI). Typically, individuals and families who purchase a home with a down payment of less than 20% will need to purchase PMI in order to protect the lender's financial interests. In addition, those who refinance their mortgage and end up with a loan-to-value ratio greater than 80% also have the option of purchasing PMI.
What are the benefits of FHA mortgage insurance near Longview?
You may benefit greatly from an FHA mortgage insurance policy if you plan to purchase a home in Longview, TX. The insurance works as a type of guarantee against defaulting on loan payments due to unforeseen circumstances, and there are a variety of other advantages. Some of the key advantages include lower down payments—even with less-than-perfect credit score—flexible credit standards, the ability to use purchased or gifted funds from a family member for down payment and closing costs, better protection from predatory loans, and the possibility of higher loan limits.
How do Longview mortgage insurance companies process USDA insurance?
USDA mortgage insurance in Longview, TX works to guarantee that any loan taken out specifically for a rural development primary home is protected with USDA-backed mortgage insurance. This insurance can help in reducing the overall down payment and closing costs that borrowers must pay for a rural home loan, providing an excellent opportunity for families to purchase a home in an area that may otherwise be too costly. The mortgage insurance also provides an advantage to banks lending money to rural buyers, helping them receive the most suitable terms and rates for a loan.
One of the drawbacks of using a VA loan in Longview, TX is that the borrower must work with the VA in order to receive a certificate of eligibility and be approved for the loan. Additionally, many lenders may be reluctant to process VA loans, therefore it can make the loan process difficult to navigate. Furthermore, VA loans typically require an upfront funding fee, which can be financially difficult for some. Furthermore, VA loans often limit the type of property that can be purchased, in order to meet VA requirements.
What can I do to lower the cost of my mortgage insurance in Longview?
If you are looking to lower the cost of your mortgage insurance in Longview, TX, there are a few options to consider. Shop around for the best rates by comparing different lenders' mortgage insurance rates. Many lenders offer discounted premiums for things like good credit, making a larger down payment, and having the ability to pay off the loan early. Lowering your mortgage interest rate is also an effective way to reduce your mortgage insurance premium. Consider refinancing your loan to a shorter term—you could potentially get a lower interest rate and reduce your monthly mortgage payment.
What are the requirements to cancel my Longview mortgage insurance policy?
The requirements to cancel mortgage insurance will vary in Longview, TX depending on the type of mortgage insurance and provider you have. Generally, most providers require that you have reached a certain level of equity in your home (usually 20%), have submitted proof that indicates ongoing payments on your mortgage have been made consistently and on time, and that the mortgage payments and taxes are current. These requirements may also depend on the value of the home, so it is important to verify with your mortgage insurance provider that you meet the requirements for cancellation.
Is the mortgage insurance calculation method the same for every Longview mortgage insurance company?
No, the mortgage insurance calculation method is not the same for all lenders. Each lender in Longview, TX may have their own criteria for calculating mortgage insurance or may use a standardized approach. In some cases, lenders may even use a combination of both methods. Factors like the loan type, amount, and borrower's credit score are usually taken into account when deciding the amount of mortgage insurance required. It's important to shop around and compare different lenders to get the best rates and terms for your specific needs.
What happens if I don't use mortgage insurance companies in Longview?
If you don't get mortgage insurance in Longview, TX, your application will be denied because these policies are required to protect lenders if you ever default on your loan. Without sufficient insurance, lenders risk taking on a large financial risk if you are no longer able to make your payments. Mortgage insurance is usually included in closing costs and is often added to your monthly payments, so it's important to budget and plan ahead for these costs. Thankfully, you don't have to be an insurance expert to buy mortgage insurance the help of a financial advisor can make the process easier to understand.
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