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 Middletown, DE
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Middletown, DE 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 works by providing an extra layer of protection for lenders located in Middletown, DE. Mortgage insurance pays the lender if the borrower fails to make all of their agreed upon loan payments, allowing them to recoup the cost of their loan. By providing lenders with this security blanket, it helps to ensure that they will be able to provide more loans to borrowers, without them having to worry about the risk of the loan going unpaid. In return, the borrower pays a mortgage insurance premium, which is usually a percentage of the total loan amount.
Can I avoid a Middletown mortgage insurance policy with a larger down payment?
Absolutely! Making a larger down payment on your mortgage in Middletown, DE can help you avoid having to obtain mortgage insurance, which can be quite expensive. Generally, if you make a down payment of 20% or more of the total cost of your mortgage, you don't have to purchase private mortgage insurance. Of course, it will depend on an individual situation, so for more information, it's recommended that you consult a professional to give you precise advice.
What are the benefits of having a private mortgage insurance policy Middletown?
Private mortgage insurance (PMI) provides an extra layer of security for homeowners in Middletown, DE. PMI can help protect homeowners who are unable to make their mortgage payments due to a change in employment, illness or death in the family. Furthermore, PMI can help homeowners make smaller down payments since PMI policies will cover the remaining amount due. This is beneficial for those who may not have enough in savings to make a large down payment.
What are the benefits of FHA mortgage insurance near Middletown?
FHA mortgage insurance offers many significant benefits, including a lower down payment requirement and consistent mortgage insurance coverage for the life of the loan. Without FHA mortgage insurance, many people in Middletown, DE would not have the means to purchase a home, since the down payment and closing costs would be beyond their reach. With FHA mortgage insurance, borrowers in Middletown, DE only need to come up with 3.5% of the loan amount for a down payment, and their premiums will never increase and remain a reliable cost throughout the life of the loan.
How do Middletown mortgage insurance companies process USDA insurance?
USDA mortgage insurance provides an additional layer of protection to homeowners in Middletown, DE who obtain a USDA loan. This insurance is applied for and collected in the form of an upfront fee at the beginning of the loan and monthly payments included in the borrower's mortgage payment. These payments insure the lender in the event of a borrower default. The funds are kept in trust to pay the lender a portion of the outstanding loan balance in the event of a home foreclosure. The amount of the insurance is determined by the actual loan amount and the borrower's specific location.
In Middletown, DE, Veterans Affairs (VA) loans are available to anyone who meets certain eligibility requirements. These typically include active duty military personnel, veterans, reservists, and National Guard members who have completed at least 90 days of service. Recipients must also demonstrate an ability to meet the loan repayment obligations, have a good credit rating, and fall within VA loan income limits. Depending on the individual’s circumstances, there are other eligibility requirements that may need to be met as well.
How much is mortgage insurance in Middletown?
The cost of mortgage insurance in Middletown, DE varies depending on the type of loan and specific lender terms. Generally speaking, a borrower is expected to pay an upfront fee plus an annual premium. On average, homeowners in Middletown, DE can expect to pay a one-time 0.3 to 1.5% premium of the original loan balance as an upfront fee and then an annual premium of approximately 0.35 to 1.35% of the loan balance. Talk to your lender to get an accurate quote based on the terms of your loan.
What are the requirements to cancel my Middletown mortgage insurance policy?
Middletown, DE homeowners looking to cancel their mortgage insurance can do so by meeting criteria that differ based on the type of loan they have. Generally, the homeowner must have remained current on their payments, and the loan must be seasoned typically for 24-36 months. Additionally, the home must now have at least 80-90% Loan To Value ratio, meaning the owner has at least 20-10% equity.
Can my Middletown mortgage insurance company help me calculate my mortgage insurance cost?
Absolutely! Your lender in Middletown, DE is a great resource for helping you to calculate your mortgage insurance. They can provide you with a tailor-made answer based on the specifics of your situation, such as your loan amount, interest rate, and other factors. Your lender can not only provide you with the right calculation, but can also offer guidance and professional assistance to ensure you get the most accurate and beneficial mortgage insurance amount.
What happens if I don't use mortgage insurance companies in Middletown?
If you don't have mortgage insurance and you own a home in Middletown, DE, it's important to understand the risks associated with not having that coverage. There are certain events, such as an unplanned job loss or a natural disaster that could leave you unable to make your mortgage payments, and would likely result in you defaulting on your loan and losing your home. Mortgage insurance can help to protect you from those occurrences, and in the worst-case scenario, provide access to cash to help you stay afloat financially.
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