Taking too long? Close loading screen.
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 Portage, WI
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Portage, WI 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...
In Portage, WI, there are two primary types of mortgage insurance: private mortgage insurance (PMI) and the Federal Housing Administration (FHA) insurance. PMI is required by lenders when a mortgage loan-to-value (LTV) ratio is higher than 80%. It protects lenders against borrower default. FHA mortgage insurance is provided by the federal government and ensures that lenders will get their money back in the event of default. FHA insurance also requires an upfront premium and an annual premium paid by the borrower to the FHA.
Does the cost of a Portage mortgage insurance policy depend on the size of my down payment?
Yes, the cost of mortgage insurance in Portage, WI does depend on the size of your down payment. Generally, a larger down payment will reduce the amount of mortgage insurance you will need to pay. You should work closely with a local mortgage lender to determine how much mortgage insurance you need based on your own unique financial situation. Generally, a down payment in excess of 20% will reduce the amount of money you need to spend on mortgage insurance.
Do I need a private mortgage insurance policy Portage?
If you live in Portage, WI and are considering a mortgage, it depends on the lending guidelines and the amount of the loan. Generally, if you are putting down 20% or more as your down payment, you can avoid needing private mortgage insurance. However, if your down payment is below 20%, it may be required that you purchase private mortgage insurance. You may also be able to find lenders in Portage, WI who offer other options to avoid private mortgage insurance. It is important to evaluate your personal goals and circumstances to determine the best option for you.
How does FHA mortgage insurance near Portage work?
FHA mortgage insurance in Portage, WI works to protect lenders by providing them with security should a borrower default on the loan. Borrowers benefit from the mortgage insurance by qualifying for loans even if they may not meet all the criteria, such as having a lower credit score or a smaller down payment. The insurance also allows borrowers to secure a mortgage with competitive interest rates. The insurance premium is built into the mortgage payment, and is typically paid monthly, although some loans also combine the premium payment with the mortgage's principal and interest payments.
Do Portage mortgage insurance companies offer USDA insurance?
USDA mortgage insurance in Portage, WI is a program offered by the United States Department of Agriculture (USDA). It provides qualified borrowers with a low-cost, government-backed mortgage that assists qualified lowand moderate-income household to purchase or refinance homes in rural areas of Portage. USDA mortgage insurance allows borrowers to finance up to 100% of the appraised value of a home, making it an attractive option for those who would not qualify for a conventional mortgage or who wish to keep their monthly payments relatively low.
Anyone who has served in the U.S. Armed Forces, depending on the number of years served, may be eligible for a VA loan in Portage, Wisconsin. In addition to previous or current service members, unmarried surviving spouses of service members killed in the line of duty may also be eligible. VA loans are available to both veterans and active-duty service members wanting to purchase a home in Portage, WI, or refinance an existing loan for up to 100% of the existing loan value. VA loans are guaranteed by the government, making them attractive to potential homebuyers.
Are there discounts available for mortgage insurance in Portage?
Yes, there are discounts available for mortgage insurance in Portage, WI. Depending on the circumstances of your application, you may qualify for discounts on your mortgage insurance premiums. For example, if you currently have a loan-to-value (LTV) ratio that is equal to or less than 80%, you may be eligible for discounts. Other factors that can provide discounts may include credit score, loan type, and loan term. It is best to call an agent to find out what discounts may be available based on your personal scenario.
What are the requirements to cancel my Portage mortgage insurance policy?
In Portage, WI, the requirements to cancel your mortgage insurance will depend on the type of loan you have and your current mortgage status. Generally speaking, you will need to have achieved a 22% equity position based on the original purchase price. You’ll also need to have paid off or refinanced the loan, have the house appraised to prove the assessed value has not decreased, and show proof that you’ve been making your payments on time. If you meet all the requirements, you may then apply to have your mortgage insurance cancelled with the help of your lender.
Is there an online calculator for mortgage insurance from a Portage mortgage insurance company?
Yes, in Portage, WI you can quickly and easily calculate mortgage insurance using the online calculator provided by the U.S. Department of Housing and Urban Development. This interactive tool allows you to enter variables such as the loan amount, interest rate, loan term, and your chosen down payment amount to calculate the estimated mortgage insurance cost. Using this calculator can help you accurately determine how much you'll need to budget for mortgage insurance and be better prepared to apply for a loan.
Do I need mortgage insurance companies in Portage?
If you are taking out a mortgage on a home in Portage, WI, it is important to consider whether you need mortgage insurance. Mortgage insurance, often referred to as Private Mortgage Insurance (PMI), can help to protect the lender in the event of nonpayment by the borrower. While it is generally not required by law in Wisconsin, certain lenders may require it as a condition of financing. The cost and availability of mortgage insurance can vary, so it is best to consult with a local real estate agent or lender to determine the options available to you and the associated cost.
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