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 North Salt Lake, UT
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple North Salt Lake, UT 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 in North Salt Lake, UT can be a daunting task. First, it is important to understand the different types of mortgage insurance policies available and to decide whether you prefer a lender-paid policy or a borrower-paid policy. Research the different companies offering mortgage insurance and compare features, costs, terms, and conditions. Then, it is advisable to talk to a qualified insurance agent in North Salt Lake, UT, who can review your individual situation and recommend the type of policy that best meets your financial goals.
What is the minimum down payment to avoid a North Salt Lake mortgage insurance policy?
In North Salt Lake, UT, the minimum down payment amount required to avoid paying private mortgage insurance (PMI) typically depends on your lender. In general, most lenders require a down payment of at least 20% of the home’s purchase price. Though PMI can typically be removed after you’ve reached a certain amount of equity in your home (usually 20%), the only way to truly avoid it is to make a down payment that meets or exceeds the 20% threshold.
Do I need a private mortgage insurance policy North Salt Lake?
Depending on where you are located in North Salt Lake, UT, the answer to whether or not you need private mortgage insurance can vary. Generally speaking, if you are putting less than 20% down payment on your home purchase, you will need to purchase mortgage insurance. However, if you are buying a home in an area with Federal Housing Administration (FHA) or Veterans Affairs (VA) loan programs, there are exceptions to the 20% down payment rule. In some cases, you may be able to purchase a home in North Salt Lake, UT with little to no money down.
What are the drawbacks of FHA mortgage insurance near North Salt Lake?
One drawback of FHA mortgage insurance specifically in North Salt Lake, UT, is that there are limits when it comes to geographic location. Mortgages obtained through the Federal Housing Administration (FHA) are usually intended for single-family residences in metropolitan areas and rural towns, limiting its availability in North Salt Lake. Additionally, current market conditions may also affect the availability of FHA mortgage insurance. Finally, FHA mortgage insurance is often more expensive than other types of insurance, meaning higher monthly payments for borrowers in North Salt Lake, UT.
What are the benefits of USDA insurance from North Salt Lake mortgage insurance companies?
The USDA Mortgage Insurance Program is a great benefit for home buyers and homeowners in North Salt Lake, UT. It helps qualified applicants obtain financing to purchase a home with no down payment, competitive interest rates, and low mortgage insurance premiums. The program also allows qualified borrowers who meet certain income requirements to purchase property in rural areas of the United States at a lower cost than other conventional mortgage programs. Additionally, the USDA mortgage insurance covers 100% of the loan in case of default, thus providing borrowers with excellent protection from the risk of foreclosure.
VA funding fees are calculated based on factors that are unique to each person in North Salt Lake, UT. These factors include whether the buyer is a veteran, veteran’s surviving spouse, or an active duty service member. The loan type, loan amount and the down payment amount will also be taken into consideration. The VA funding fee is calculated in percentages, and it is important to note that there may be exemptions or reductions in the fee for veterans and service members with certain disabilities due to their service.
What can I do to lower the cost of my mortgage insurance in North Salt Lake?
One great way to lower the cost of your mortgage insurance in North Salt Lake, UT is to shop around for mortgage insurance quotes from different providers. Comparing quotes will allow you to compare different rates and terms so you can make an informed decision that fits your budget. Additionally, you may be able to obtain a discount if you package your mortgage insurance with other insurance products from the same provider. Lastly, consider paying for all or a portion of your mortgage insurance up front; this will save you money in the long run by avoiding monthly premiums.
Does the mortgage insurance termination process vary by North Salt Lake mortgage insurance policy?
Yes, the mortgage insurance termination process does vary by lender and it is important to understand the differences. In North Salt Lake, UT, all lenders will require proof of sufficient homeowner’s insurance coverage. They will also likely require an appraisal to prove that you now have at least 20% equity in the property. And depending on the lender, there may be other requirements, such as submitting a ‘Termination of Mortgage Insurance Request’ letter and final payment, or providing proof that any delinquent payments have been satisfied.
Can my North Salt Lake mortgage insurance company help me calculate my mortgage insurance cost?
Yes, your lender can help you calculate your mortgage insurance in North Salt Lake, UT. In many cases, they may have a pre-designed algorithm that allows you to input your loan amount and term to get an accurate calculation of your mortgage insurance costs. It's important to ask about any fees they may charge for this service and compare the results to other lenders in the area. You can also run your own calculation using online mortgage insurance calculators or do simple math to arrive at a rough estimate, but working with a lender is the best way to ensure you're receiving an accurate number.
Can I opt out of services from mortgage insurance companies in North Salt Lake?
Yes, you can opt out of mortgage insurance in North Salt Lake, UT, but only if you have made a 20% down payment on your home and your loan balance is below 80% of the total value of the property. In order to opt out, it is necessary to obtain written confirmation from your lender stating that you are not obligated to pay mortgage insurance and that the loan does not exceed 80% of the total value of the property.
Other locations near North Salt Lake, UT
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