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 Pensacola, FL
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Pensacola, FL 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 for your needs in Pensacola, FL can be a challenging task. It's important to consider factors such as how long you plan to stay in the home, the size of your down payment, and the type of lender you are working with. You should also research and compare different policies and what coverage options are available to you. It's also beneficial to speak with an experienced mortgage specialist in Pensacola who is familiar with area regulations and can provide guidance to determine the best mortgage insurance policy for you.
Can I avoid a Pensacola mortgage insurance policy with a larger down payment?
Yes, you can avoid mortgage insurance in Pensacola, FL by increasing your down payment. Generally speaking, the larger the down payment, the less likely it is that you will need to purchase private mortgage insurance. To receive the best rates and avoid mortgage insurance, you should aim to put down 20 percent of the purchase price or higher. Moreover, there are government-backed loan programs in Pensacola, FL that allow buyers to finance up to 97 percent of the purchase price with minimal mortgage insurance costs.
Who is eligible for a private mortgage insurance policy Pensacola?
Generally, anyone purchasing a home in Pensacola, FL is eligible for private mortgage insurance (PMI). In most cases, you need to put down at least twenty percent of the home price in order to secure a conventional loan. With PMI, the required down payment amount can be reduced to as little as five percent. To determine your eligibility for PMI, your mortgage lender reviews your credit score, income, and debt-to-income ratio.
What is FHA mortgage insurance near Pensacola?
FHA mortgage insurance is a type of insurance required by the Federal Housing Administration (FHA) and allows borrowers in Pensacola, FL and nationwide to obtain a home loan with a low down payment and low credit scores. FHA mortgage insurance helps protect lenders in case of default by the borrower, and is paid by the borrower over the life of the loan. The insurance premiums can be paid up-front or spread out over the life of the loan, or be paid in part in a lump sum or over a series of payments.
Who is eligible for USDA insurance from Pensacola mortgage insurance companies?
USDA mortgage insurance may be available to eligible individuals in Pensacola, FL. Generally, applicants must prove that they meet certain income and property requirements. They must demonstrate a steady income and show they are not overburdened by debt. The home must be located in an approved rural area and must be occupied as the primary residence. Property that exceeds the area's loan limits is not eligible. All applicants must have a US citizenship or qualified and documented immigration status. Finally, they must have a satisfactory credit history and the ability to make the monthly loan payments.
The VA funding fee for veterans in Pensacola, FL will vary depending on the specific criteria applied to the veteran. Generally, the funding fee is calculated based on the type of loan (purchase, regular refinance, or cash out refinance) and the veteran's service category (active duty or discharged veteran). This fee is generally between 0.45% to 3.6% of the loan amount, and as of January 2020, may be waived for veterans receiving or eligible to receive VA compensation because of a service-connected disability.
What can I do to lower the cost of my mortgage insurance in Pensacola?
If you're looking to lower the cost of your mortgage insurance in Pensacola, FL, consider exploring different types of mortgages that may be available to you. Certain government-backed loan programs, such as those backed by the Federal Housing Administration (FHA) or U.S. Department of Veterans Affairs (VA), may have more affordable mortgage insurance options than traditional loans. Additionally, asking for an annual mortgage insurance premium can also help lower your costs. Be sure to shop around for the best deal and talk to a qualified loan officer to ensure you are getting the best possible terms.
What process do I need to follow to cancel my Pensacola mortgage insurance policy?
In Pensacola, FL, the first step in cancelling your mortgage insurance is to contact your loan servicer. A loan servicer is the company that bills and collects payments on behalf of the lender. Generally, you will need to have collected a certain amount of equity in the home relative to the loan size or you may be able to qualify for a cancellation if you have been consistently making your payments on time. Depending on the situation, your loan servicer may need to request mortgage insurance cancellation from the loan insurer.
What factors are considered when calculating mortgage insurance for a Pensacola mortgage insurance company?
When calculating mortgage insurance in Pensacola, FL, a few factors are taken into account, such as the borrower's credit score, current debt-to-income ratio, and the total loan amount. Location is another significant factor, as the cost of living and the local real estate market can determine how much is required in mortgage insurance payments. Other considerations may include the length of the loan, the type of loan, and the type of property purchased. Lastly, the lender's policies regarding mortgage insurance and any applicable discounts are also important factors for assessing the amount of mortgage insurance payments.
Are there alternatives to mortgage insurance companies in Pensacola?
In Pensacola, Florida, there are a few alternatives to mortgage insurance. One option is to put down a larger down payment, as this will reduce the loan-to-value ratio and make mortgage insurance unnecessary. Another option is to refinance to a shorter-term loan, which can also reduce the required loan-to-value ratio and eliminate any need for insurance.
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