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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 Miami Beach, FL
Your one-stop-shop to compare all the rates, all at once.
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Over 20 policy provider comparison.
Explore multiple Miami Beach, 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
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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.
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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.
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"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...
Choosing the right mortgage insurance policy is an important decision that can make a lasting impact on your financial future. For those in Miami Beach, FL, there are a few factors to consider when selecting the right policy. First, consider the types of insurance that are available in Florida and which of those will be best suited to your needs. Next, look into the company you're purchasing from and make sure they have an excellent track record and are well-reviewed. Finally, do your research to find the insurance plan with the most competitive rates to fit your budget.
What is the minimum down payment to avoid a Miami Beach mortgage insurance policy?
In Miami Beach, FL the minimum down payment to avoid mortgage insurance can vary by the type of loan you have. Typically, borrowers considering a conventional loan need to put down at least 20%, those with an FHA loan must put down at least 3.5%, and borrowers considering a VA loan are not required to put down a minimum percentage. However, lenders generally prefer that a borrower put down 20% to avoid any mortgage insurance. It's important to speak to your lender to decide which loan product is right for you and to discuss the down payment that is best for your situation.
What are the benefits of having a private mortgage insurance policy Miami Beach?
Private mortgage insurance (PMI) can be important for homeowners in Miami Beach, FL as it may help them to purchase their home or refinance it to a lower rate. PMI decreases the amount you need for a down payment, which can be particularly useful for those with limited finances. Additionally, PMI may be tax-deductible and offers both the homeowner and lender protection if the homeowner is unable to make payments. PMI is also often more affordable than simple rent payments, allowing for a long-term investment of one’s finances.
What is FHA mortgage insurance near Miami Beach?
FHA mortgage insurance is a type of loan insurance provided by the Federal Housing Administration that allows borrowers in Miami Beach, FL to purchase a home with a down payment of as little as 3.5%. FHA mortgage insurance provides borrowers with the opportunity to qualify for a loan even if they can't afford a large down payment or have a limited credit history, making home ownership more accessible.
Who is eligible for USDA insurance from Miami Beach mortgage insurance companies?
In Miami Beach, Florida, eligible residents who purchase a home using USDA Rural Development’s Home Loan Guarantee Program may apply for mortgage insurance through the U.S. Department of Agriculture (USDA). To be eligible for USDA mortgage insurance, you must meet certain income and property eligibility requirements, as well as demonstrate a satisfactory credit history and have a debt-to-income ratio below 45%. It is also important to note that you must occupy the home as your primary residence and that the house must be located in an approved area.
In Miami Beach, FL, U.S. Veterans and active duty service members are eligible to apply for a VA loan. Additionally, any current or former Reservists or National Guard members who have completed basic training are also eligible. A surviving spouse (of a veteran who died while on active duty) can also apply for a VA loan. Furthermore, if you are on active duty after Oct. 16th, 1981, for a minimum of 90 days, meeting length of service requirements, are eligible for a VA loan in Miami Beach, FL.
Can I negotiate the cost of my mortgage insurance in Miami Beach?
Yes, you may be able to negotiate the cost of your mortgage insurance for your Miami Beach, FL home loan. If you have excellent credit and a significant down payment, many lenders may be willing to lessen the cost of your mortgage insurance. Purchasing a home in Miami Beach is considered a great investment so lenders may be more willing to negotiate the insurance costs. Also, if your loan is fixed-rate and you are paying the premium up front, some lenders may be amenable to a discounted rate.
Does the mortgage insurance termination process vary by Miami Beach mortgage insurance policy?
Yes, the mortgage insurance termination process can vary by lender in Miami Beach, FL. Different lenders have different insurance requirements, rates, and policies which can determine the type of mortgage insurance to be used and their respective cancellation policies. It is important to do your research beforehand to make sure you meet the criteria and know the process of your specific lender. It's best to check with your lender to understand the exact requirements and fees that may come along with terminating mortgage insurance.
How do I calculate mortgage insurance for a Miami Beach mortgage insurance company?
In Miami Beach, FL, to calculate mortgage insurance, you'll need to know the loan amount, the insurance rate, and the term. It's also helpful to know your credit score, if you have one. Once you have that information, you can use a mortgage insurance calculator to determine your monthly mortgage insurance payment. Simply enter the loan amount, the insurance rate, and the term into the calculator and the output will give you your estimated payment. Alternatively, you can speak to a certified financial advisor who can help you evaluate the best mortgage insurance rates and options for you.
Who is required to use mortgage insurance companies in Miami Beach?
Anyone with a mortgage loan on a property located in Miami Beach, Florida is required to have mortgage insurance. This covers the lender's investment in the event that the borrower is unable to pay back the loan. Without this coverage, lenders usually require a larger down payment in order that the borrower has more of a stake in the property. The importance of mortgage insurance is especially critical when considering that Florida is a highly volatile market that is home to a large number of high risk mortgages. The additional risk that comes with obtaining a mortgage in Miami Beach necessitates having this type of insurance.
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