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 Massena, NY
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Massena, NY 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 Massena, NY is designed to protect both the lender and the borrower. For the lender, insurance pays a portion of the loan in the event of default, making it less risky for them. For the borrower, mortgage insurance may provide lower down payment options, which can be especially beneficial for first-time home buyers who may not have sufficient funds available for a large down payment. It's important to note that mortgage insurance in Massena, NY is slightly different based on the size of the loan.
Can I avoid a Massena mortgage insurance policy with a larger down payment?
In the Massena, NY area, a larger down payment on a home loan offering can help you to avoid having to purchase mortgage insurance. Depending on the lender and loan program you are considering, putting down 20% or more of the purchase price may give you the option to forego having to pay for private mortgage insurance. Furthermore, there are several government-backed loan programs that allow for smaller down payments, which still do not require mortgage insurance. Choosing the best option for you requires reviewing the different mortgage terms available and assessing all the costs associated with each option before committing to your loan.
What is a private mortgage insurance policy Massena?
Private mortgage insurance (PMI) is a form of insurance that can provide additional security for homebuyers in Massena, NY. PMI gives homeowners the ability to secure a loan amount that is higher than the purchase price and offers protection to lenders when borrowers default on a loan. For the Massena area, PMI provides an additional layer of financial security to both first-time and repeat homebuyers, empowering them to buy a home even if they are unable to put 20% down.
Who is eligible for FHA mortgage insurance near Massena?
In Massena, NY, most individuals and families that meet certain requirements can qualify for Federal Housing Administration (FHA) mortgage assurance. To be eligible, borrowers must have a valid social security number, a credit score of 500 or higher, and proof of employment for at least 2 years. Borrowers must also have a total debt-to-income ratio of less than 43%, and must have not taken part in bankruptcy proceedings or have any unpaid mortgage debt within the past 3 years. Additionally, borrowers must have 3.5% of the home's purchase price saved for the down payment.
How do Massena mortgage insurance companies process USDA insurance?
USDA mortgage insurance works in a unique way for those who qualify, specifically in Massena, NY. All home buyers, including displaced homemakers and single parents, can qualify to obtain a no-down payment mortgage loan with the help of the United States Department of Agriculture (USDA). Guaranteed loans are insured by the USDA and available through an approved lender of choice. This type of loan offers a competitive and generally fixed interest rate, and funds may be used for purchasing a home, building, and/or repair.
The calculation of Veterans Administration (VA) funding fees is based on factors such as the veteran's military status, the type of loan, and the loan down payment. In many cases, the VA funding fee can range from 0.50% up to 3.60%, depending on these variables. A key location component is also taken into consideration veterans living in Massena, NY will qualify for funding fee rate reduction based upon what county they reside in, and the cost of living in that area. Additionally, certain disabled veterans may qualify for complete funding fee exemption.
Can I negotiate the cost of my mortgage insurance in Massena?
Yes, you can negotiate the cost of your mortgage insurance in Massena, NY. Typically, those with lower credit scores and those who have a higher loan to value ratio will have to pay more for their mortgage insurance premiums. However, you do have the ability to negotiate with different lenders or insurers to try to get a better monthly payment. It is best to shop around for the best terms and conditions for your situation. Asking for discounts or willing to accept a slightly higher interest rate in exchange for a lower mortgage insurance cost, can often lead to saving hundreds of dollars a year.
What process do I need to follow to cancel my Massena mortgage insurance policy?
To cancel your mortgage insurance in Massena, NY, you must first meet the requirements of your specific loan provider. Generally, these qualifications include having paid down your loan to 80-78% of the original purchase price. You should also ensure that your loan-to-value ratio no longer exceeds 80%. In addition, you must provide proof of your current home value. Once you have met these criteria and provided evidence of satisfactory mortgage performance, your insurance carrier may cancel your policy, allowing you to save a significant amount of money each month.
Is there an online calculator for mortgage insurance from a Massena mortgage insurance company?
Yes, there is an online calculator available for mortgage insurance in Massena, NY. The Massena Federal Credit Union has a Mortgage Calculator on their website for you to easily budget and estimate payments. This calculator provides a simple way to input your estimated home price, down payment amount, and intended loan term to determine how much insurance you would have to pay on your mortgage. With this calculator you can quickly estimate an accurate monthly payment amount to help you plan and budget for a mortgage in Massena.
Can I opt out of services from mortgage insurance companies in Massena?
Yes, you may opt out of mortgage insurance in the Massena, NY area. The New York State Department of Financial Services offers an option for owner-occupiers to opt out of mortgage insurance on all types of mortgages – conventional, FHA, and VA. To qualify, borrowers must have at least 20% equity in the property, measured by the down payment plus any other cost-to-complete the purchase. Applicants must also demonstrate good credit history and provide a Certificate of Eligibility, if applicable.
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