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Compare over 20 top providers in Orlando, FL
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Over 20 policy provider comparison.
Explore multiple Orlando, FL policies from all the leading insurers and choose the one that fits your needs.
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Benefit from exclusive deals offered only to residents of your state, and lock in huge rate discounts.
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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
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Tell us about yourself.
Finding the perfect mortgage insurance policy starts with answering a few questions to help us serve you better.
Step 2
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Discuss your options with a licensed insurance agent. Compare different plans to find the best policy with the cheapest rates.
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"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.
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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.
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"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 people buying homes in Orlando, FL because it can provide financial protection in the event of a disaster. For instance, if a hurricane hits the city and causes major damage to the property, the mortgage insurance policy will cover some of the associated costs to repair or rebuild the home. It also provides coverage if a borrower dies or becomes incapacitated and can no longer pay the mortgage. Ultimately, mortgage insurance gives homebuyers in Orlando a sense of security knowing that their investment is covered against loss or damage.
Does the cost of a Orlando mortgage insurance policy depend on the size of my down payment?
Yes, the cost of mortgage insurance in Orlando, FL indeed depends on how much you are putting down towards your mortgage. The more cash that you have for a down payment, the lower your premium will be. For instance, if you are able to put down 20% or more of your home purchase price, you can avoid paying for any additional mortgage insurance. On the other hand, if your down payment is lower than 20%, then you may have to pay an additional fee for private mortgage insurance to mitigate the risk for your lender.
What are the drawbacks of a private mortgage insurance policy Orlando?
In Orlando, FL, private mortgage insurance (PMI) can be beneficial to those who have a low down payment on their home, as it allows them to qualify for mortgages with favorable interest rates. However, because this insurance protects the lender in the event of default, a sizeable premium is typically required of mortgagors in return. Consequently, homeowners may find that their monthly mortgage payments are significantly higher and their total borrowing costs tend to be elevated.
What are the benefits of FHA mortgage insurance near Orlando?
As an Orlando, FL resident, you may wonder what the benefits of FHA mortgage insurance are for you. FHA Mortgage Insurance not only lowers the costs of borrowing, but it also helps you to qualify for more money in more affordable ways. For starters, FHA mortgage insurance covers the lenders in the case of a borrower default, meaning you can borrow more money with a smaller deposit. Additionally, FHA mortgage insurance grants more leniency when it comes to credit history and allows you to take out a loan while receiving more competitive interest rates.
How do Orlando mortgage insurance companies process USDA insurance?
USDA mortgage insurance works to help low-income and first-time homebuyers in Orlando, FL obtain the financing necessary to purchase a home. USDA mortgage insurance covers loans that are offered by approved lenders and allows borrowers to finance up to 102% of the appraisal value of their home. The payment is based off of the loan terms and the home's assessed value, making it significantly easier for those in the city who do not have a large amount of savings to secure a loan with affordable payments. As an added benefit, USDA mortgage insurance guarantees lenders against any losses should the borrower default on their loan.
In Orlando, FL, one potential drawback of getting a VA loan is that the VA only backs a certain amount of a mortgage; if the home is listed above that amount, a VA loan may not be an option. Additionally, VA loans may require the borrower to pay a funding fee in order to offset the cost to the lender. This fee can range from 0.5% to 3.3% of the loan amount. Lastly, VA loans may not be an appropriate option for home buyers who need more than the amount they are willing to guarantee.
Are there discounts available for mortgage insurance in Orlando?
Absolutely! Orlando residents looking to purchase mortgage insurance will be pleased to know discounts may be available for them. For example, some lending institutions may offer extras such as discounted rates and additional coverage, depending on the individual. Additionally, there are many insurance agencies right here in Orlando that specialize in mortgages and can best determine the right coverage plan for each person's unique situation. It's worthwhile to shop around and research your options to compare costs and ensure you get the best possible deal.
What are the requirements to cancel my Orlando mortgage insurance policy?
To cancel your mortgage insurance in Orlando, FL, you must provide proof of a 20% or higher equity stake in your home, demonstrate no late payments for at least the past 12 months, and provide a home appraisal amount that is equal to or greater than the original amount that you paid for the house. Additionally, you must also deliver a letter of cancellation signed by your current mortgage servicer in order to dispel the insurance policy.
Can my Orlando mortgage insurance company help me calculate my mortgage insurance cost?
In Orlando, FL, your lender can certainly help you calculate your mortgage insurance. Mortgage insurance is often required when you purchase a home and is used by lenders to protect their investment in case of default. Your lender can provide you with detailed information on what your mortgage insurance entails, the cost of it, and how it will affect your monthly payments. Keep in mind as well that there are various types of mortgage insurance and your lender can help you choose the best one for your needs.
Who is required to use mortgage insurance companies in Orlando?
In Orlando, FL, anyone who has a mortgage that is secured by a loan amount greater than 80%, as determined by the homeowner's loan-to-value ratio, is required to have mortgage insurance. This insurance is designed to protect the lender in case of foreclosure due to the borrower's inability to make payments and to minimize losses incurred by the lender. Mortgage insurance is required in Orlando regardless of the type of mortgage loan (conventional, FHA, VA) for which the borrower has applied.
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