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 Nanticoke, PA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Nanticoke, PA 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 in Nanticoke, PA works as a safeguard to ensure lenders that they will be repaid in the event of a borrower default on loan payments. This type of insurance, while optional, is typically required when the down payment amount is less than 20%, and covers a borrower if they cannot make their regular payments. To take out mortgage insurance, Nanticoke homeowners may contact a local insurer and make an upfront payment of a one-time premium, which is then added to the borrowerโs total monthly mortgage payments.
Does the cost of a Nanticoke mortgage insurance policy depend on the size of my down payment?
Yes, the cost of mortgage insurance in Nanticoke, PA typically depends on the size of an individual's down payment. Generally speaking, the more money up front supplied by the buyer in the form of a down payment, the less expensive the mortgage insurance will be due to the reduced risk of default. Depending on the type of loan you get, mortgage insurance can be paid in a lump sum, a single premium that is added to your closing costs, or as an escrow account alongside your mortgage payments.
What are the benefits of having a private mortgage insurance policy Nanticoke?
Private mortgage insurance can be a great benefit for Nanticoke, PA homeowners. Most lenders require PMI for a mortgage loan amount that is greater than 80% of a home's purchase price. Private mortgage insurance covers the lender if a homeowner defaults on the loan payments. This helps lenders to provide loans with more reasonable interest rates, allowing more people in Nanticoke to become homeowners without having to put too much money down. Private mortgage insurance also helps homeowners build equity and reach their financial goals faster by increasing the amount of their monthly payments that goes toward the loan balance.
How does FHA mortgage insurance near Nanticoke work?
The Federal Housing Administration (FHA) provides mortgage insurance to borrowers in Nanticoke, PA who wish to purchase or refinance their home. FHA mortgage insurance protects lenders in the event a borrower defaults on their loan, allowing borrowers to purchase a home with a low down payment and flexible credit requirements. FHA insurance premiums can be included in the monthly mortgage payment or paid in a lump sum upfront.
How do Nanticoke mortgage insurance companies process USDA insurance?
USDA mortgage insurance, often referred to as Rural Development (RD) loans, is available to home buyers in Nanticoke, PA, in rural areas designated by the USDA. Eligible applicants can purchase a house without a down payment and take advantage of a lower interest rate. USDA mortgage insurance guarantees the loan, indicating to the lender that the mortgage will be paid by the government, should the borrower default. Lenders may require applicants to have lower debt-to-income ratios and higher credit scores than for other types of home loans.
VA loans offer many valuable benefits to homebuyers in Nanticoke, PA, including no down payment and no private mortgage insurance, as well as potential savings on closing costs. Additionally, VA loans typically offer more competitive rates and are flexible around credit score requirements. Furthermore, Veterans and active-duty service members in Nanticoke are eligible for a type of VA loan called a "Interest Rate Reduction Refinancing Loan" which refinanced a Veteran's existing mortgage debt at a lower rate, even with no equity in the home.
Can I negotiate the cost of my mortgage insurance in Nanticoke?
Depending on your individual circumstances, it is possible to negotiate the cost of your mortgage insurance in Nanticoke, PA. Banks will typically try to work with you to keep your monthly payments as low as possible. You can talk to your bank or mortgage company about options such as increasing your down payment or adding up-front mortgage insurance fees to reduce your monthly payments. Additionally, lenders may be willing to reduce the cost of your mortgage insurance if you refinance the loan. It is always wise to shop around for loans and compare rates and costs before making a decision.
Can I cancel my Nanticoke mortgage insurance policy early?
Absolutely. Depending on what type of mortgage insurance you have, you may be able to cancel it if you have made enough early payments to achieve a significant equity position in the property. For example, in Nanticoke, PA, if you take out a loan with the Federal Housing Administration, you can cancel your mortgage insurance when you reach 78% loan-to-value, as long as you have maintained a good payment history. Verify with your lender to learn the exact policies and terms for your particular situation.
Is there an online calculator for mortgage insurance from a Nanticoke mortgage insurance company?
Yes, there is an online calculator to calculate mortgage insurance in Nanticoke, PA. Located at nanticokemortgage.com, this calculator allows you to plug in various variables such as loan amounts, possible interest rates and fees to generate estimates of your monthly mortgage payment. This calculator is a great resource for those who are new to the mortgage process or those looking for an idea of how much their mortgage payments may be before committing to a loan.
What happens if I don't use mortgage insurance companies in Nanticoke?
In Nanticoke, PA, if you don't get mortgage insurance, you may face a potential risk if you default on your loan. Without a mortgage insurer providing a backstop in case of default, it's possible that lenders may be less comfortable taking on the risk associated with your loan, which could have an effect on your ability to obtain a loan and/or modify the terms of your loan. As well, you may be at risk for having to pay the entirety of the loan back from your own resources, potentially putting you in financial hardship.
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