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 Mansfield, OH
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Mansfield, OH 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 Mansfield, OH works by providing protection to lenders against borrower default on their mortgages. This type of coverage shields lenders from losses by assuring them that their loan will be repaid. Typically, coverage is required when borrowers make a down payment of less than 20% of the home's sale price. The mortgage insurance will pay the lender in the event of a borrower's default in accordance with the terms of the policy. The borrower is responsible for paying premiums which will vary based on their loan amount, type, and down payment.
How does a larger down payment affect my Mansfield mortgage insurance policy cost?
Having a larger down payment on your home can greatly affect your mortgage insurance cost in Mansfield, OH. Generally speaking, the more equity you have in the property, the lower your mortgage insurance costs and the higher the chance of avoiding mortgage insurance altogether. Aside from reducing your mortgage insurance costs, a larger down payment can help make your monthly payments more affordable and potentially reduce the amount of interest paid over the course of the loan, saving you even more money.
What are the benefits of having a private mortgage insurance policy Mansfield?
Private mortgage insurance offers Mansfield, OH residents a variety of benefits, including potentially lower initial loan payments, the ability to purchase a home with a smaller down payment, and increased financing options. PMI also helps alleviate the stress and financial burden that comes with being responsible for the entire loan balance should the homeowner fail to make payments. PMI can be removed as soon as the homeowner reaches certain loan-to-value ratios, freeing them from this added cost and allowing them to access savings.
What are the benefits of FHA mortgage insurance near Mansfield?
Taking advantage of an FHA mortgage insurance in Mansfield, OH can bring a variety of benefits. It provides the opportunity for lower down payments, more flexible credit requirements, a competitive interest rate, protections for the borrower against falling market conditions, and more. Additionally, since both mortgages and insurance premiums are backed by the federal government, borrowers can generally pay more over time in lower interest rates and payments, making it a great choice for people with limited budgets.
Who is eligible for USDA insurance from Mansfield mortgage insurance companies?
People in Mansfield, OH who meet the USDA Rural Development requirements are eligible for USDA mortgage insurance. To be eligible, you must meet certain income limits, demonstrate repayment ability, and be without adequate housing. Also, credit worthiness and adequate financial resources must be verified, and applicants must be able to legally obligate themselves to a mortgage. Additionally, applicants must have a satisfactory credit history and be a US citizen, permanent resident, or have a valid immigrant visa.
VA loans provide significant benefits to those who qualify in Mansfield, OH, such as being able to acquire a loan with no down payment. VAs are also uniquely qualified to provide access to loan features that are unavailable to other loan types, such as no private mortgage insurance or exceptionally low interest rates. Additionally, VA loans feature flexible eligibility requirements, making it easier to take advantage of lower costs on mortgages. Veterans can also use the VA loan multiple times, allowing them to re-enter the housing market with a loan that won't take away from their current home's equity.
Can I negotiate the cost of my mortgage insurance in Mansfield?
Although the cost of mortgage insurance in Mansfield, OH cannot usually be negotiated, you may be eligible for specific programs in the area which can help lower your overall costs. For example, local programs providing additional assistance to first-time homebuyers often include special incentives designed to reduce insurance expense. Additionally, certain lenders in Mansfield may offer discounts or other forms of mortgage insurance cost mitigation. Make sure to research all available options to take advantage of the best deals.
What are the requirements to cancel my Mansfield mortgage insurance policy?
In Mansfield, OH, it is possible to cancel your mortgage insurance depending on which type of mortgage insurance you have. If you have private mortgage insurance (PMI), you will need to provide evidence to your lender that the loan-to-value ratio (LTV) on your home has dropped to 78% or lower, based on the original value of the home at the time you purchased it. If you have FHA mortgage insurance, you will need to provide an appraisal that shows the value of the home has increased significantly, so that your LTV is now lower than 78%.
Is there an online calculator for mortgage insurance from a Mansfield mortgage insurance company?
For mortgage insurance calculators available online specific to Mansfield, OH, one should specially consult an expert mortgage company. For example, working with Cornerstone Mortgage Company in Mansfield makes it easy to find the right mortgage loan product that fits your individual needs. They also provide an online calculator to make the process easier and more time-efficient, calculating down payments, interest rates, term lengths, and more. By providing accurate information like financials, credit scores, and profile details, they can help you pinpoint your mortgage insurance needs with ease.
Can I opt out of services from mortgage insurance companies in Mansfield?
In Mansfield, OH, you may be able to opt out of mortgage insurance depending on the type of loan you have and the amount of your down payment. Generally speaking, it is possible to waive mortgage insurance if you have a loan-to-value ratio of 80% or less due to your down payment amount. To determine your eligibility for mortgage insurance waiver, you should speak to a mortgage lender in your area or visit the Mansfield office of the Ohio Department of Banking and let them know your current loan and down payment amount.
Other locations near Mansfield, OH
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