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 Palestine, TX
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Palestine, TX 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...
Finding the right mortgage insurance policy for your unique situation in Palestine, TX can be a daunting task. It is important to evaluate your current financial situation and established budget along with the current options available in your area. There are various factors to take into consideration, such as the length of the policy, the amount of coverage, and deductible. You can further narrow your list of possible options by researching the different policy offerings of different companies. Make sure to read through the policy details and compare offers from various providers to ensure you are getting the most coverage at the best price.
How does a larger down payment affect my Palestine mortgage insurance policy cost?
Making a larger down payment on your mortgage may help reduce your mortgage insurance costs in Palestine, TX. For instance, if you put down 20% or more on your purchase, your lender will likely not require you to pay PMI or Private Mortgage Insurance. Since PMI covers the lender in the event of default and is typically a percentage of the loan amount, a larger down payment will result in reduced PMI and lower mortgage costs. Taking the time to save for a larger down payment may be worth the financial benefits associated with a decreased insurance cost.
What are the drawbacks of a private mortgage insurance policy Palestine?
Private mortgage insurance (PMI) carries some drawbacks, especially for people living in Palestine, TX, who may not be able to afford the upfront payment required to have it removed. PMI can be expensive, and in Texas, it can be charged for the life of the loan if the borrower hasn’t reached 20% equity. Additionally, it can be difficult to accurately estimate how long it will take to reach the threshold to have the PMI removed.
How does FHA mortgage insurance near Palestine work?
FHA mortgages are an attractive option for homebuyers in Palestine, TX, because they require very low down payments and offer flexible qualifying terms. With an FHA mortgage, borrowers in Palestine are required to pay a mortgage insurance premium (MIP), which is an additional fee that covers the cost of the government providing such a low down payment option. MIP is paid in monthly installments along with the standard mortgage payment. The MIP serves as an insurance policy for banks and lenders, ensuring that they are still able to get their money back in case of a default.
Who is eligible for USDA insurance from Palestine mortgage insurance companies?
To be eligible for USDA mortgage insurance in Palestine, TX, prospective homeowners must meet certain criteria, such as Location Eligibility, Credit History, Income Eligibility, and Loan Program Requirements. Specifically, the property must be located in an approved rural area, applicants must have documented credit history and a solid payment history for the past 12 months, total household income should not exceed the applicable USDA income limit for the location, and must meet the requirements of the loan program. Furthermore, the applicants must demonstrate an ability to make the monthly mortgage payment and other related expenses.
The VA funding fee applies to individuals seeking loan assistance when purchasing a home in Palestine, TX. It's the amount the Department of Veterans Affairs (VA) charges to guarantee the loan, which helps protect both the borrower and lender of the loan. The amount of the VA funding fee is depends on when the loan is obtained, and how much of the loan is down payment. Generally, VA funding fees range from 0.5% to 3.6%, depending on the factors mentioned above. It is important to note that some veterans are exempt from paying the VA funding fee.
How much is mortgage insurance in Palestine?
The cost of mortgage insurance in Palestine, TX will vary depending on the loan amount, the type of mortgage product and the borrower's credit score. Mortgage insurance requirements are based on a variety of factors, and you should contact a local lender to get an accurate estimate of what you might pay for mortgage insurance in Palestine, TX. Additionally, the lender may be able to provide information on other factors influencing the cost of mortgage insurance.
What process do I need to follow to cancel my Palestine mortgage insurance policy?
To cancel your mortgage insurance in Palestine, Texas, you should contact your mortgage insurer to verify that your mortgage loan balance and other rules have been met, and to accrue a termination statement. Once you have received confirmation of your termination, you should check with your lender to ensure the insurance is no longer active on your mortgage and to confirm that any attached fees are properly credited. Your lender should follow up on the credit to your account so that your mortgage payments are properly adjusted and applicable premiums are removed.
What factors are considered when calculating mortgage insurance for a Palestine mortgage insurance company?
When calculating mortgage insurance in Palestine, TX, several factors are taken into consideration. These include mortgage loan size, down payment amount, credit score, loan term length, and the type of loan. One of the key factors checked for mortgage insurance in this area is a borrower's credit score. Those with higher credit scores are typically given better rates than those with lower scores. Other aspects that may affect the cost of insurance in Palestine, TX include the loan-to-value (LTV) ratio and the loan's term length.
What happens if I don't use mortgage insurance companies in Palestine?
If you are a homeowner in Palestine, TX and are not able to get mortgage insurance, there are several options to consider. Generally, it is important to ensure that you will be able to pay the full mortgage in order to protect your home. You may be able to look into other loan payment options such as refinancing, a shorter loan term, or adding a co-signer to the loan. You might also want to consider applying for a down payment assistance program from a local, state, or federal government organization.
Other locations near Palestine, TX
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