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 Milledgeville, GA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Milledgeville, GA 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...
In Milledgeville, GA, there are three different types of mortgage insurance; Private Mortgage Insurance (PMI), Federal Housing Administration (FHA) Mortgage Insurance, and the U.S. Department of Veteran Affairs (VA) Mortgage Insurance. Private mortgage insurance is generally required when the borrower puts down less than 20% as a down payment on their home. FHA mortgage insurance is generally applied to FHA loans and requires the borrower to pay a one-time, up-front mortgage insurance premium as well as a monthly mortgage insurance premium.
Can I avoid a Milledgeville mortgage insurance policy with a larger down payment?
Yes, you can avoid mortgage insurance when you make a larger down payment in Milledgeville, GA. Generally, a down payment of 20% or more of the purchase price will avoid mortgage insurance and they are customary in this area. Making a higher down payment can also reduce the amount you need to borrow and can help you negotiate a better mortgage rate and terms. With a larger down payment, you can avoid an additional expense and payment. Ultimately, it's wise to speak with a local mortgage lender in Milledgeville to determine the best options for your financial situation.
What are the drawbacks of a private mortgage insurance policy Milledgeville?
In Milledgeville, GA, private mortgage insurance can be a costly addition to a mortgage payment; this can be a drawback for those looking to purchase a home. Mortgage insurance typically comes with a higher interest rate than a non-PMI loan and requires an upfront payment. Additionally, while the coverage protects the lender in case of default, it does nothing to protect the homeowner, and there is no guarantee of its return if an unwanted event occurs.
Who is eligible for FHA mortgage insurance near Milledgeville?
In Milledgeville, GA, anyone who meets the criteria of the U.S. Department of Housing and Urban Development and has the required credit score is eligible for an FHA mortgage insurance loan. The borrower must be of legal age (at least 18 years old), legally able to enter into a contract and show that their income is sufficient enough to make their monthly mortgage payments. Generally, a credit score of 580 or higher is needed to qualify for an FHA loan, although in some cases a lower credit score may be accepted.
What are the benefits of USDA insurance from Milledgeville mortgage insurance companies?
In Milledgeville, Georgia, the USDA mortgage insurance provides a variety of important benefits. First of all, by obtaining the insurance, those with lower incomes have access to some of the lowest interest rates possible. This can save home buyers a lot of money in the long run and make homeownership more accessible. Additionally, these mortgages do not have to be paid off for a long term, as they typically have a maximum 30-year repayment period. This allows borrowers to pay off the loan slower, which can increase their ability to buy more house.
Veterans, active-duty military members, and eligible surviving spouses located in Milledgeville, GA are eligible for VA loans. These offer many advantages, such as no down payment, lower closing costs, leniency on credit requirements, and easier documentation than other mortgage products.
What factors influence the cost of mortgage insurance in Milledgeville?
The cost of mortgage insurance in Milledgeville, Georgia is influenced by various factors, such as the loan-to-value ratio (LTV), mortgage type, and the borrower's credit score. The loan-to-value ratio, which measures the loan amount versus the value of the property, affects premiums because it determines the risk level of the loan. Mortgage type is another important factor--home loans that involve more risk typically have higher premiums than loans with less risk. Lastly, credit scores also affect the cost of mortgage insurance, as higher credit scores can result in lower premiums.
Can I cancel my Milledgeville mortgage insurance policy early?
You may be able to cancel your mortgage insurance early in Milledgeville, GA depending on the terms of your mortgage and your down payment amount. Generally, you'll be able to terminate your mortgage insurance premium (MIP) once you've paid down your mortgage balance to 78% or less of the original purchase price. However, if you’ve made a down payment of less than 20%, you may not be able to cancel your MIP until you have at least 22% of equity in your home.
How do I calculate mortgage insurance for a Milledgeville mortgage insurance company?
To calculate mortgage insurance in Milledgeville, GA, you will need to contact a local mortgage lender. They will be able to calculate your mortgage insurance based on the loan-to-value ratio, the size of your down payment and the loan term, as well as the type of loan you are looking for. Additionally, the lender may be able to provide you with comparative rates from different lenders, letting you make an informed decision about the best course of action for you and your family.
Who is required to use mortgage insurance companies in Milledgeville?
In Milledgeville, GA, any person who takes out a mortgage loan must have mortgage insurance if the loan-to-value ratio of a home or property is greater than 80%. This means if a mortgage loan is for over 80% of the appraised value of the home or property, mortgage insurance must be acquired. Generally, government insurance programs such as VA and FHA are required for mortgage loans greater than 80%. Additionally, private mortgage insurance may also be required depending on the lender requirements.
Other locations near Milledgeville, GA
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