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 Port Angeles, WA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Port Angeles, WA 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 Port Angeles, WA works by providing financial protection to lenders in the event that borrowers are unable to meet their payment obligations. This insurance coverage helps reduce the risk that a lender may face in granting a loan. It is paid by the borrower in the form of a premium that is typically charged as part of the borrower’s monthly payments or as a one-time lump sum. This insurance helps to protect lenders from defaults and taking losses while allowing borrowers to purchase homes with lower down payment requirements.
Can I avoid a Port Angeles mortgage insurance policy with a larger down payment?
Yes, a larger down payment would help you to avoid mortgage insurance in Port Angeles, WA. Essentially, lenders require mortgage insurance if your down payment is less than 20% of the home’s purchase price. If the majority of your down payment is from your own funds rather than from a gift or loan you may be exempt from having to purchase mortgage insurance. However, the amount you'd need to come up with for a 20% down payment would depend upon the particular property you’re interested in.
Who is eligible for a private mortgage insurance policy Port Angeles?
In Port Angeles, Washington, anyone who is purchasing a home in the area that is requiring a loan-to-value greater than 80% must obtain private mortgage insurance. This insurance helps to reduce the amount of any potential loss to the lender in the event that the borrower defaults on their loan. It is important for buyers to remember that this insurance not only helps protect the lender, but it ensures the buyer will have a place to call home and that a foreclosure can be avoided. Additionally, private mortgage insurance helps to keep lending costs affordable, allowing more people to become homeowners in the Port Angeles area.
What are the benefits of FHA mortgage insurance near Port Angeles?
For homebuyers in Port Angeles, WA, FHA mortgage insurance provides a number of key advantages. One of the main benefits of FHA insurance is that it allows borrowers to purchase a home with as little as 3.5% down, allowing potential homebuyers to realize their dreams even with fewer resources. FHA insurance also helps many people with limited credit histories to qualify for a loan. In addition, FHA mortgage insurance also provides flexible requirements for the borrower's debt-to-income ratio regarding loan approval.
Who is eligible for USDA insurance from Port Angeles mortgage insurance companies?
Anyone who meets the income requirements and is looking to purchase a home in Port Angeles, WA, could be eligible for USDA mortgage insurance. In general, household incomes must be no higher than 115% of the county median income for their area. USDA mortgage insurance helps low-income families in rural areas, including Port Angeles, secure financing to buy a home. It’s meant to make home purchases more affordable for those who may not have the traditional means of getting approved for a mortgage loan.
In Port Angeles, WA, any current or former US military service member who has served 90 consecutive days or more during wartime or 181 days or more during peacetime, or a spouse of a service member who has died in the line of duty or as a result of disability may be eligible for a VA loan. Additionally, Reservists and National Guard members who have served for at least 6 years may also qualify for a VA loan. The Income requirements for a VA loan vary depending on whether the borrower has a sufficient amount of other income, and the location of the home.
How much is mortgage insurance in Port Angeles?
Mortgage insurance rates for Port Angeles, WA, depend largely on an individual's loan terms and their credit rating. Generally speaking, the annual mortgage insurance premium rate sits between 0.3% and 1.15%, and can range up to 1.5%, depending on the borrower's credit score, down payment amount, loan amount, and loan-to-value ratio (LTV). However, there are programs like FHA that guarantee mortgages with a down-payment of as little as 3.5%, and the mortgage insurance premiums for these loans are generally much lower.
When does a Port Angeles mortgage insurance policy go away?
Generally speaking, the timeframe for when mortgage insurance goes away is based on how much of a down payment you made when you purchased the property. In Port Angeles, WA, mortgage insurance typically goes away once the homeowner has made 20% of a down payment on the property and maintained timely mortgage payments for 2-5 years. After this, the insurance is no longer required to be paid and the homeowner will be able to more easily build equity in the home. The exact timeframe for when mortgage insurance can go away may vary depending on the lender and the type of loan taken out.
What factors are considered when calculating mortgage insurance for a Port Angeles mortgage insurance company?
In Port Angeles, WA, several factors are considered when calculating mortgage insurance. Interest rates in the local market and the borrower's credit score both play a role. Other considerations include the loan-to-value ratio, the type of borrower (first time, second time, investor), the type of loan (conventional, adjustable-rate, etc.), and the borrower's existing debt ratio. Additionally, down payment amount, taxes, and the total cost of the mortgage can impact the rate of mortgage insurance. All of these factors will be used to determine the total cost of mortgage insurance for the borrower.
Do I need mortgage insurance companies in Port Angeles?
Whether or not you need mortgage insurance in Port Angeles, WA will depend on a variety of factors, such as your credit score, how much you're putting down as a down payment, and mortgages type. Generally, if you plan to put down less than 20% on a conventional loan, you'll need private mortgage insurance. For an FHA loan, you usually have to have mortgage insurance regardless of the amount you’re planning to put down.
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