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 Pecos, TX
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Pecos, 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...
Mortgage insurance in Pecos, TX, helps people protect their home from unexpected financial hardship. It is required when a down payment on a loan is less than twenty percent. Payment for the insurance is usually split between the borrower and the lender, and the length of the premium depends on the size and type of loan. During the life of the loan, the borrower pays a monthly premium which is added to the mortgage payment. In the event of the borrower not being able to make payments on the loan, the insurer would pay off the loan, up to the amount of the insurance.
Can I avoid a Pecos mortgage insurance policy with a larger down payment?
Making a larger down payment on a home purchase in Pecos, TX can reduce the amount of mortgage insurance that is required. In most cases, the more money you are able to put down on the home, the less mortgage insurance you will need to carry and pay for. For example, if you can put 20% down as opposed to the typical 5% down, you may be able to lower or even avoid the need for mortgage insurance altogether. Additionally, a larger down payment may help bring your mortgage balance lower and help you obtain better loan terms.
Do I need a private mortgage insurance policy Pecos?
In Pecos, TX, private mortgage insurance (PMI) might be required if you're making a down payment less than 20% of the purchase price of the home. PMI may also depend on the lender and individual guidelines. Generally, PMI is required to protect the lender in the event that you are unable to make payments on your mortgage. There are various types of PMI, some of which may come at a cost to you, while others may be included as part of your monthly mortgage payment.
What is FHA mortgage insurance near Pecos?
An FHA mortgage insurance means that mortgage insurance is provided as part of the Federal Housing Administration (FHA) loan program. This provides a guarantee to lenders that if the borrower defaults on their loan, the lender will receive compensation back. In Pecos, TX, this type of mortgage insurance can be used to purchase a home with little or no money down, giving borrowers the opportunity to purchase a home without having extra money. FHA mortgage insurance also makes it easier for borrowers to qualify with lower credit scores.
Do Pecos mortgage insurance companies offer USDA insurance?
USDA mortgage insurance, also known as a Rural Development loan, is a great option for many Pecos, Texas, residents. This loan is part of the U.S. Department of Agriculture's Rural Development program that can assist with the purchase of a home in a rural area including Pecos. With this loan, the Department provides a guarantee to lenders; this makes it easier for borrowers with lower income levels to qualify for more affordable rates. Additionally, there are no down payment requirements and the interest rate depends upon the income of the household instead of the credit score.
The VA funding fee for most veterans in Pecos, TX is determined by several factors, such as the type of loan you are taking out, whether it is your first VA loan or if you are a veteran with a disability rating. Generally, the funding fee is 2.4% for most veterans that are taking out their first loan, and is 3.3% for veterans who have already taken out more than one VA loan. The fee is much lower for veterans with a disability rating and for veterans who are refinancing an existing VA loan.
What factors influence the cost of mortgage insurance in Pecos?
In Pecos, TX, there are several factors that can influence the cost of mortgage insurance. One of the most influential is the borrower's credit score, which determines the risk the lender assumes when making a loan. Other factors include the loan amount, the down payment amount, the term of the loan, the type of loan, and the loan-to-value ratio. In addition, mortgage insurance is usually more expensive for borrowers who have trouble documenting their income or securing sources of funds for closing costs.
What are the requirements to cancel my Pecos mortgage insurance policy?
In Pecos, TX, there are certain requirements that need to be met if you wish to cancel your mortgage insurance. Your loan must be up-to-date with repayments and the principal balance must be equal to or less than 80% of the purchase price of the home. Additionally, you must have successfully established a pattern of timely mortgage payments for a period of two consecutive years. Furthermore, your lender must also be in agreement with the cancellation of the mortgage insurance before it can be effective.
Can my Pecos mortgage insurance company help me calculate my mortgage insurance cost?
Yes, your lender in Pecos, TX can help you calculate your mortgage insurance. At Pecos Federal Credit Union, our experienced loan officers are available to assist you in understanding the different mortgage insurance premiums and associated costs. We offer free, no-obligation home loan estimates to help you compare your options and find the best mortgage insurance policy that fits your individual needs. With decades of experience in the mortgage industry, our team can also provide knowledgeable advice regarding different tax consequences and other types of insurance to cover you in the event of any unexpected financial situations.
Who is required to use mortgage insurance companies in Pecos?
In Pecos, TX, anyone who is looking to acquire a mortgage loan is legally required to have mortgage insurance when taking out a residential home loan. Typically, the amount of insurance needed will depend on the down payment that has been paid and the type of loan that is being offered as well as the amount of risk involved. It is important to note that mortgage insurance is only offered for certain loan types and certain lenders may have different policies. Therefore, always ask your lender about the specifics when looking for a loan.
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