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 Matthews, NC
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Matthews, NC 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...
When looking for the right mortgage insurance policy, it's important to do your research and to consider your financial situation in Matthews, NC. Firstly, determine the type of policy you need: do you want a basic policy or more comprehensive coverage? Think about the various policies currently available from different insurance companies and consider the ratings of these companies to help decide which one is the best choice. Then make sure you are getting the terms and conditions that best suit your needs and budget. Finally, be sure to read any policy thoroughly and do not be afraid to ask questions regarding the details of the policy.
What is the minimum down payment to avoid a Matthews mortgage insurance policy?
In Matthews, NC, the minimum down payment to avoid mortgage insurance may vary based on several factors, such as credit score, type of loan, and loan-to-value ratio. Generally, consumers must put down 20% of the purchase price in order to avoid mortgage insurance. However, some government-backed loans may allow for a smaller down payment. For example, the VA loan program requires no down payment at all, and the FHA loan program requires only a 3.5% down payment.
What is a private mortgage insurance policy Matthews?
Private Mortgage Insurance (PMI) is an insurance policy taken out by the borrower that helps protect the lender in Matthews, NC from losses if the borrower defaults on their mortgage. PMI is a type of insurance that is required if a borrower has less than 20% of their home’s purchase price as a down payment. PMI can add to the borrower’s monthly mortgage costs, so borrowers should research their options carefully, including taking advantage of special loan programs that may allow them to lower the amount of PMI they are required to pay.
What are the benefits of FHA mortgage insurance near Matthews?
In Matthews, NC, an FHA mortgage can provide significant benefits to borrowers, including lower down payments, lower closing costs, and easier qualification for individuals with lower credit scores. FHA mortgage insurance, in particular, helps to protect lenders in the event of a borrower defaulting on their loan. It also lowers the risk for lenders, allowing them to provide mortgages with more favorable terms and interest rates. This allows borrowers in Matthews, NC to access more competitive mortgage rates and improved loan terms.
What are the benefits of USDA insurance from Matthews mortgage insurance companies?
Matthews, NC residents who are looking for a home loan with a competitive rate may want to consider pursuing a USDA mortgage insurance guarantee. USDA mortgage insurance benefits Matthews homeowners by allowing them to secure financing with no down payment and reduced mortgage insurance fees. Additionally, those with less than perfect credit may also be able to qualify as USDA mortgages are not credit score driven. Furthermore, USDA mortgage insurance can provide more favorable terms for up to 33 years, allowing Matthews residents to reduce the monthly payments and total long-term loan costs.
Matthews, NC residents may benefit from a VA loan due to the low down payment and not needing private mortgage insurance. These loans also offer competitive interest rates and flexible credit requirements compared to conventional loans, making it easier for qualifying veterans to purchase a home. In addition, VA loans typically allow buyers to finance the costs of closing, making the homebuying process more affordable. Additionally, for those who use a VA loan and end up selling or otherwise refinancing their home within five years, the VA limit won’t require you to pay a penalty, which can be beneficial in the long run.
What can I do to lower the cost of my mortgage insurance in Matthews?
For Matthews, NC residents looking to lower the cost of mortgage insurance, one option is to consider taking out a loan with a higher down payment. This would reduce the amount of insurance you need to protect the lender in the event of default. Additionally, if you have a good credit score (over 680) you may be able to get a better rate on your insurance. Other tips include making sure you understand the terms of your loan, shopping around for the best rate, and refinancing your loan when it is appropriate.
What process do I need to follow to cancel my Matthews mortgage insurance policy?
To cancel your mortgage insurance in Matthews, NC you will need to contact your mortgage lender and provide them with documentation demonstrating you have met a 20% or more equity threshold. They should provide you with instructions on how to fill out and submit the required paperwork, which could include a government-sponsored mortgage insurance termination request form, a payment of any additional mortgage insurance premiums required, and any conditions that the lender has stipulated. After that, you will need to provide proof of the 20% or more equity threshold that you have met, in order to get the mortgage insurance cancelled.
Is there an online calculator for mortgage insurance from a Matthews mortgage insurance company?
If you live in Matthews, North Carolina and you’re considering getting mortgage insurance, a great way to start is by using an online calculator. Many insurance companies provide online calculators, such as the one offered by LendingTree, that can give you a good estimate of what your monthly mortgage insurance payments would be. It's easy to use and can provide you with the information you need to make an informed decision.
Are there alternatives to mortgage insurance companies in Matthews?
Yes, there are alternatives to mortgage insurance in Matthews, NC. One option is to have a large down payment. If you are able to put down at least 20% of your home's purchase price in cash when you close on your loan, then you won't have to pay any mortgage insurance. Another option is to have a co-borrower, or a person who has enough money saved of their own to qualify for the loan with lower mortgage insurance requirements. Another alternative is to use an FHA loan, which is insured by the government.
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