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 Millbrae, CA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Millbrae, CA 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...
There are several types of mortgage insurance available to Millbrae, CA homeowners. PMI stands for Private Mortgage Insurance and is a type of insurance provided by private companies, while MI stands for Mortgage Insurance and is typically offered by government agencies like Fannie Mae and Freddie Mac. Standard mortgage insurance works to protect the mortgage lender in case the borrower defaults on their loan, while other types, such as lender-paid mortgage insurance, may protect the borrower should the lender default on their payment.
Can I avoid a Millbrae mortgage insurance policy with a larger down payment?
An increased down payment is typically the most efficient means of avoiding mortgage insurance in Millbrae, CA. To maximize the effect of a larger down payment, buyers must make sure their loan does not exceed 80% of the appraised value of the property. If you put 20% down, it typically eliminates the need for mortgage insurance. Additionally, there are government-backed loan programs geared towards first time home buyers with limited down payment resources that are designed to keep costs to a minimum. Ultimately, speaking with a loan officer is the best way to determine the right course of action for your individual situation.
Do I need a private mortgage insurance policy Millbrae?
Whether or not you need private mortgage insurance (PMI) in Millbrae, CA will depend on the type of home loan you're obtaining. Generally, if you make a down payment of less than 20% of the purchase price, you will be required to have PMI. Additionally, if you are a first-time homebuyer in Millbrae, you may qualify for certain loans such as FHA and VA loans that require PMI.
Who is eligible for FHA mortgage insurance near Millbrae?
In Millbrae, CA, borrowers who meet certain income and credit standards are eligible to apply for an FHA-insured mortgage. They must have a valid Social Security number and be of legal age to sign a mortgage in the state. Generally speaking, primary borrowers must have a minimum decision credit score of 580 or higher to qualify for the 3.5% down payment option. In addition, a borrower's total monthly debt payments should not exceed 43% of their gross monthly income.
Who is eligible for USDA insurance from Millbrae mortgage insurance companies?
In general, anyone looking at purchasing a home in Millbrae, CA can be eligible for USDA mortgage insurance. To meet eligibility requirements, applicants must demonstrate financial stability, be unable to obtain credit from other sources, and meet certain income limits set by the US Department of Agriculture. Additionally, to receive these benefits the property must be located in an area designated by the USDA as a rural area. Millbrae, CA is within the area designated by the USDA as an eligible location for USDA mortgage insurance, making anyone living or looking to purchase a home within this location suitable for this type of insurance.
VA loans are often beneficial for veterans living in Millbrae, CA, but it's important to note that there are some drawbacks associated with the loan. One common complaint is that the loan's fees are often higher than those of other loan types. Additionally, it is important to note that VA loans typically require a minimum loan amount, meaning that people hoping to purchase a property in Millbrae, CA for less than the amount required may find themselves unable to take out a VA loan. Furthermore, VA loans also have stricter requirements for credit score and debt-to-income ratio.
What factors influence the cost of mortgage insurance in Millbrae?
The cost of mortgage insurance in Millbrae, CA is largely dependent on the amount of the loan, the type of loan, the term of the loan, the credit score of the borrower, and the Loan-to-Value ratio. Additional factors can include the financial history of the borrower, the location of the property, the age of the property, and the amount of the down payment. Your lender may also offer discounts for different credit score ranges, as well as discounts for property in certain geographic areas.
Can I cancel my Millbrae mortgage insurance policy early?
In Millbrae, CA, homeowners may be able to cancel their mortgage insurance early, depending on the specifics of their loan. Generally, if the loan balance reaches a certain percentage of the home's market value, mortgage insurance can be cancelled with lender approval. To find out if you are eligible to cancel, contact your lender and discuss the particulars of your loan with them. Once they approve the cancellation, you will need to provide the required documentation to make the cancellation official. If you have any further questions or concerns, do not hesitate to contact a financial advisor.
How do I calculate mortgage insurance for a Millbrae mortgage insurance company?
To calculate mortgage insurance in Millbrae, CA, you should first contact a trusted mortgage lender and inquire about their requirements. From there, they will provide you with information on the mortgage insurance rate unique to your loan amount and income. It is important to keep in mind that mortgage insurance in Millbrae, CA is based on current market conditions and may vary according to credit score, loan amounts, and other factors. A reputable mortgage lender can provide up-to-date information and help guide you through the process of calculating your mortgage insurance.
Can I opt out of services from mortgage insurance companies in Millbrae?
In Millbrae, CA it is possible to opt out of mortgage insurance, however it may not be the most logical choice. Homebuyers who make a down payment of at least 20% of the purchase price of the home generally qualify not to take out mortgage insurance. While this may be an attractive option for some, it requires a significant financial investment up front. If you don't have the available funds to make the larger down payment it may be wiser to opt in to mortgage insurance and choose a loan which has a more manageable down payment requirement.
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