Taking too long? Close loading screen.
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 Newark, OH
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Newark, OH 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 is critically important for homeowners in Newark, OH, as it ensures they are protected against losses due to defaulting on their loan. Without mortgage insurance, a homeowner could be liable for a significant amount of debt in the event that foreclosure is necessary. Mortgage insurance allows homeowners to remain in their homes in the event of an unforeseen financial hardship. It also assures lenders that their loans are secure, providing them with the assurance needed to approve mortgages. Ultimately, mortgage insurance provides Newark homeowners with security, peace of mind, and the opportunity for home ownership.
Does the cost of a Newark mortgage insurance policy depend on the size of my down payment?
Yes, the cost of mortgage insurance in Newark, OH does partially depend on the size of your down payment. The higher your down payment, the less mortgage insurance you may be required to purchase. It's important to consider this factor as you compare different mortgage options in Newark, OH since mortgage insurance can add to your monthly payments. Have a conversation with your mortgage lender to understand more about the exact cost of mortgage insurance based on the size of your down payment.
Do I need a private mortgage insurance policy Newark?
In Newark, OH, whether or not you need to obtain private mortgage insurance (PMI) depends on the loan you have taken out and your down payment. Generally, federal loans made by reputable lenders in Newark require you to purchase PMI if you have not put 20% down on your purchase. If you have put 20% down on your purchase however, you should not need to purchase PMI. It is important to discuss your specific situation with your lender as this may vary, and different loan programs may require different percentages from you.
What are the benefits of FHA mortgage insurance near Newark?
FHA mortgage insurance provides numerous benefits to potential homeowners in Newark, Ohio. Not only does it help to cover some of the up-front costs associated with taking out a loan, but it also provides a low down payment requirement of 3.5%. This makes it easier for would-be homeowners to purchase a home without an exorbitant down payment. In addition, FHA mortgage insurance can provide access to competitive interest rates that can save money over the lifetime of the loan.
Who is eligible for USDA insurance from Newark mortgage insurance companies?
In Newark, OH, anyone who meets the USDA's income requirements and who purchases a home in a USDA-designated area is eligible for USDA mortgage insurance. The USDA's income limits for funding vary by geographic area, so applicants should check the limits for Newark to see if they qualify. Furthermore, borrowers should ensure that the property they plan to purchase is in a designated USDA-eligible area, as this is a requirement for becoming insured by the USDA's mortgage insurance program.
In Newark, OH, any individual who is an active-duty service member, veteran, reservist, National Guard member, or surviving spouse of an eligible service member would all be eligible to apply for a VA loan. Additionally, qualified dependents of service members of either fallen service members or those with service-connected disabilities may also use the VA loan program. All eligible individuals would need to provide proof of eligibility to take full advantage of the VA loan program.
Can I negotiate the cost of my mortgage insurance in Newark?
Absolutely! In Newark, OH, it's possible to negotiate the cost of mortgage insurance with your lender. Several lenders in the area offer competitive rates for their mortgage insurance services, and looking around for a better rate can yield positive results. The more you search, the more leverage you will have when attempting to negotiate a lower rate. Additionally, you can also raise the option of the lender covering part of the mortgage insurance premium at closing, increasing your savings over time.
What are the requirements to cancel my Newark mortgage insurance policy?
In Newark, OH, the requirements to cancel your mortgage insurance can vary based on your lender, type of loan, and other factors. The most important aspect to consider is whether you have accumulated enough equity in your home. Generally, if you are current on your mortgage payments and have at least 20-25% equity in the home, you should be able to cancel your mortgage insurance. Additionally, lenders may require a property appraisal to determine your home's current market value and whether you meet their requirements for cancelling mortgage insurance.
Is there an online calculator for mortgage insurance from a Newark mortgage insurance company?
Yes, there is an online calculator for mortgage insurance in Newark, OH. The Newark Financial Center has a great online calculator that can help people determine the estimated mortgage insurance cost for their home. The calculator takes a variety of factors into account including the total amount of the loan, the interest rate, and the type of mortgage insurance. It can also provide users with a more accurate estimate of the monthly and annual premiums that they will need to pay. Furthermore, the Newark Financial Center's online calculator is available to use at any time and from any computer.
Are there alternatives to mortgage insurance companies in Newark?
In Newark, OH, homeowners have a few alternatives to traditional mortgage insurance. Homeowners may be able to negotiate with their lender for a slightly different payment structure that often doesn’t require mortgage insurance. Loan Guaranty programs, such as the Veteran Affairs loan guarantees or USDA Rural Housing Service loan guarantees, can also eliminate the need for mortgage insurance. Homeowners who are willing to pay for their loan upfront may also be able to avoid the need for mortgage insurance. In some cases, it may even be possible to defer mortgage insurance payments until the loan has been discharged.
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