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 Plant City, FL
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Plant City, 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...
Mortgage insurance is essential in protecting homeowners in Plant City, FL in the event of an unexpected financial hardship. It is a safeguard that will help to cover a portion of the balance due on a mortgage in the event that an owner is no longer able to make payments for reasons such as job loss or illness. This protection ensures that the owner will not lose their home, enabling them to continue to pay off their mortgage, while also enjoying the peace of mind that comes with having insurance in place.
How does a larger down payment affect my Plant City mortgage insurance policy cost?
A larger down payment in Plant City, FL can reduce or even eliminate mortgage insurance cost. Generally, mortgage lenders require borrowers to obtain mortgage insurance when their down payment is less than 20% of the purchase price. In Plant City, FL, making a larger down payment can reduce the size of your mortgage loan, which in turn reduces the lender's risk and can save you from paying mortgage insurance. Furthermore, a larger down payment can reduce the amount you borrow to purchase a home, and can help you qualify for a better mortgage rate.
Do I need a private mortgage insurance policy Plant City?
Generally speaking, it may be required that you purchase private mortgage insurance if you put less than 20% as a down payment on the home. However, the specific requirements in Plant City, FL will depend on the agency that is providing the mortgage loan and the other terms of your financial agreement. It is important to know that the lender might be responsible for covering the mortgage insurance if certain requirements are met. Talk with your lender about your particular situation and whether or not you will need to purchase private mortgage insurance.
Who is eligible for FHA mortgage insurance near Plant City?
Eligibility for FHA mortgage insurance in Plant City, FL, will depend on a variety of different factors. Generally, to qualify for FHA mortgage insurance, applicants must have steady employment, an income level that allows for the loan being applied for, and a good debt to income ratio. In addition, individuals must meet the credit requirements set forth by FHA in Plant City, FL. Applicants must have a minimum credit score of 580. Prospective buyers must also demonstrate that they are able to pay their closing costs and have enough cushion in their finances for monthly mortgage payments.
Who is eligible for USDA insurance from Plant City mortgage insurance companies?
Residents of Plant City, FL may qualify for USDA mortgage insurance if they are generally responsible for their credit, have an acceptable debt-to-income ratio and have an adjusted household income below the area median. Additionally, applicants must purchase a property in Plant City, located in a designated rural area, and they must pay an upfront guarantee fee at closing and an annual fee up to 0.35 percent of the loan amount. For more information on eligibility for USDA mortgage insurance in Plant City, please contact the local USDA office.
In Plant City, FL, one of the drawbacks of a VA loan is that borrowers must pay a VA funding fee, which can range from 1.4% to 3.6% of the loan amount for first time use. There may also be restrictions when it comes to the type of property that VA loans can be used to purchase, and they can exclude dwelling types such as condominiums or manufactured homes. VA loans can also be more difficult to qualify for if you have a less than perfect credit score, and closing costs are typically higher than with other loan types.
What can I do to lower the cost of my mortgage insurance in Plant City?
One of the best ways to reduce the cost of mortgage insurance in Plant City, FL is to shop around for the best possible rate from different lenders. Doing research to find the most competitive terms and conditions can significantly reduce the cost of your mortgage insurance. Additionally, asking your lender if they are willing to discount your insurance based on your credit score or other provable factors is also advisable. If you own your property for a long enough time, the cost of your mortgage insurance may decrease as well. These are all great ways to decrease the cost of mortgage insurance in Plant City, FL.
When does a Plant City mortgage insurance policy go away?
The rate at which mortgage insurance goes away depends on several factors specific to the individual's loan. Generally, for borrowers in Plant City, FL, mortgage insurance should go away once the borrower has achieved a loan-to-value ratio of 78%, at which point they will no longer require mortgage insurance to be in place. The length of time this takes to achieve can vary depending on the borrower's specific situation, their loan type and whether their loan involves an escrow account.
How do I calculate mortgage insurance for a Plant City mortgage insurance company?
To calculate mortgage insurance in Plant City, FL, you will need to understand the approval requirements set forth by the Federal Housing Administration. While there are a variety of different factors that will contribute to your mortgage insurance, some of the most important include your credit score, your income, and the loan-to-value ratio of your mortgage. In general, the higher your credit score and income, and the lower your loan-to-value ratio, the lower the mortgage insurance will be.
Who is required to use mortgage insurance companies in Plant City?
In Plant City, FL, most lenders require borrowers to have private mortgage insurance, or PMI, if their down payment is less than 20% of the purchase price of the home. Depending on the type of loan you're getting, PMI can be cancelled after a certain amount of points have been paid, or when a homeowner reaches a certain loan-to-value ratio. PMI will always be required if you purchase a home with less than a 20% down payment, meaning that all borrowers that do not have the full 20% down payment will be obligated to carry mortgage insurance.
Other locations near Plant City, FL
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