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 Milwaukie, OR
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Milwaukie, OR 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...
Choosing the right mortgage insurance policy can be a challenging task, especially for first-time homebuyers in Milwaukie, OR. Before selecting a policy, it's important to research all your options and take into account various factors that are most pertinent to your situation. It's a good idea to compare several mortgage insurance policies from different providers and carefully consider annual premiums, coverage amounts, and other factors such as claims-filing processes and procedures.
How does a larger down payment affect my Milwaukie mortgage insurance policy cost?
In Milwaukie, Oregon, a larger down payment on a mortgage can reduce the amount of mortgage insurance you need to purchase. Mortgage insurance helps protect lenders from borrower defaults, and is often required when someone puts down less than 20% on their mortgage. Thus, a larger down payment could make a difference in the amount of mortgage insurance you are required to purchase, and ultimately lower your overall interest rate and mortgage costs. Additionally, mortgage insurance premiums may vary depending on the type of loan, lender, and other factors.
Do I need a private mortgage insurance policy Milwaukie?
Whether or not you in Milwaukie, OR need private mortgage insurance (PMI) depends on a few factors. If you don't make a down payment of at least 20% of the purchase price of the home, you will likely be required to have PMI. In addition, your credit history and income may affect the lender’s decision to require PMI. Additionally, the type of loan you take out will have an impact as some loan programs, such as Veterans Affairs mortgages, may not require PMI.
What are the benefits of FHA mortgage insurance near Milwaukie?
FHA mortgage insurance provides numerous benefits to homeowners in Milwaukie, OR looking to purchase a house. This type of loan allows borrowers to put down as little as 3.5% of the home's purchase price as a down payment and provides the option to refinance at any time without penalty. Furthermore, FHA loans are not limited to first-time buyers, so current homeowners can take advantage of them as well. These loans also come with lenient credit score requirements; borrowers can qualify with a score as low as 580.
Do Milwaukie mortgage insurance companies offer USDA insurance?
USDA mortgage insurance, which is also known as Rural Development loans, provides an affordable option for rural homebuyers to purchase homes in Milwaukie, OR and elsewhere. These loans are backed by the U.S. Department of Agriculture and are designed to provide safe, secure financing to low and moderate-income families. USDA mortgage insurance customers in Milwaukie benefit from a low 2% upfront guarantee fee, a lower overall mortgage interest rate, and no loan limitations by property size or values. In addition, closing costs are often much lower than other loan options.
VA loan eligibility depends upon many factors, including military service status and income level. For Veterans and active duty military members located in the state of Oregon, including Milwaukie, VA home loan eligibility is offered through the U.S. Department of Veterans Affairs. Those who served in wartime are also eligible to obtain the loan, although eligibility thresholds may vary. In addition, certain surviving spouses of deceased veterans also are eligible within specific conditions.
Can I negotiate the cost of my mortgage insurance in Milwaukie?
Yes, you can negotiate the cost of your mortgage insurance in Milwaukie, OR. Depending upon the size of the loan, the amount of down payment, and the lender’s regulations, you may be able to negotiate more favorable terms or a lower cost. To negotiate, you should speak with the lender directly, as you may need to provide additional information about your financial situation. It’s also important to gauge the level of competition in the marketplace so that you will be in the better position to leverage a better mortgage insurance rate.
Can I cancel my Milwaukie mortgage insurance policy early?
Yes, in certain situations you may be able to cancel your mortgage insurance early in Milwaukie, OR. The Homeowners Protection Act (HPA) is a federal law created to help protect homeowners that have Private Mortgage Insurance (PMI). It requires that your mortgage servicer cancel PMI when you reach a certain Loan-to-Value (LTV) ratio. Generally, if your LTV ratio is 78 percent or lower, you can request to have your PMI cancelled. Your mortgage servicer should then provide you with the relevant forms that explain the cancellation process.
Can my Milwaukie mortgage insurance company help me calculate my mortgage insurance cost?
Yes, your lender can help you calculate your mortgage insurance in Milwaukie, OR. They can provide guidance on the factors used to determine the cost, including your down payment amount, credit score, and loan type. Your lender can also provide advice on ways to best manage your mortgage payments, such as setting up an escrow account or opting for bi-weekly payments. Furthermore, many lenders offer calculators and other resources geared towards helping you better understand the costs of mortgage insurance and how to best manage it.
Can I opt out of services from mortgage insurance companies in Milwaukie?
Yes, it is possible to opt out of mortgage insurance in Milwaukie, OR; however, there are certain criteria that must be met. Most conventional loan lenders require borrowers to purchase private mortgage insurance if they take out a loan of greater than 80% of the value of the property, unless the borrower has a down payment of at least 20%.
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