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 Pueblo, CO
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Pueblo, CO 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 Pueblo, CO, there are two main types of mortgage insurance: private mortgage insurance (PMI) and mortgage insurance premium (MIP). Private mortgage insurance protects lenders from losses if a borrower defaults on a mortgage, and can be paid in a lump sum or through the monthly interest rate. Mortgage insurance premiums provide mortgage insurance for Federal Housing Administration (FHA) loans. They are paid monthly and increase over time, with the fee percentage set by Congress. Both types of insurance help lenders reduce their losses in the event a borrower defaults or is unable to make payments.
Can I avoid a Pueblo mortgage insurance policy with a larger down payment?
Yes, making a larger down payment in Pueblo, CO can help you to avoid mortgage insurance. Generally, your down payment must be at least 20% of the purchase price of the home in order to avoid paying mortgage insurance. Having a larger down payment makes it easier for you to qualify for a mortgage because it reduces your loan-to-value ratio. It may also help qualify for a lower interest rate and receive better terms on your loan. Additionally, you'll have a smaller loan balance to pay down and lower monthly payments.
Who is eligible for a private mortgage insurance policy Pueblo?
In Pueblo, CO, anyone who is looking to purchase a home and who has an inadequate down payment amount or who has good credit but has experienced financial difficulties in the past may be eligible for private mortgage insurance from a lender. The terms and conditions, as well as eligibility criteria, vary from lender to lender, so it's important to check with a qualified lender in Pueblo or the surrounding area to find out what options are available.
How does FHA mortgage insurance near Pueblo work?
FHA mortgage insurance in Pueblo, Colorado requires borrowers to pay an upfront mortgage insurance premium (UFMIP) and an annual mortgage insurance premium. The upfront premium can usually be included as part of the loan amount and is 1.75% of the loan amount. The annual premium is calculated as a percentage of the loan amount and is split up into two parts: annual premiums of 0.45 to 1.05% and an additional annual fee of 0.5% to 1.0%. The annual premium for a 15-year mortgage is 0.
What are the drawbacks of USDA insurance from Pueblo mortgage insurance companies?
In Pueblo, CO, the main drawback of USDA mortgage insurance is that it is typically more expensive than traditional mortgage insurance. While USDA mortgage insurance does offer more generous terms than other mortgages, the hefty premium means that borrowers may be paying more interest overall over the life of the loan. Additionally, while USDA mortgage insurance provides a convenient way to save for a down payment and buy a house with no money down, the loan amount may be less than what is needed to purchase a comparable home in the area.
In Pueblo, CO, any individual or family who has served in any branch of the United States armed forces for at least 90 days during wartime or 181 days during peacetime is eligible for a VA loan. Other individuals or families, such as the surviving spouses of veterans or members of the National Guard, may also qualify. To confirm eligibility, potential borrowers must obtain a valid Certificate of Eligibility (COE) from the Department of Veteran Affairs. All potential borrowers should meet with their lender to see if they meet additional credit, income, and debt requirements necessary to secure a VA loan.
Can I negotiate the cost of my mortgage insurance in Pueblo?
In Pueblo, CO, it depends on whether you are buying a traditional home, a manufactured home, investing in a multi-family or commercial property, or refinancing an existing mortgage. You can negotiate the cost of mortgage insurance for traditional, manufactured, or multi-family properties, however, if investing in a commercial property, you will likely need to consider other options to lower your monthly payment. Additionally, insurance costs for existing mortgages may be higher or lower than for a new loan.
What are the requirements to cancel my Pueblo mortgage insurance policy?
In order to cancel mortgage insurance in Pueblo, Colorado, you must first submit a written request to your lender as well as evidence that your loan-to-value ratio (LTV) is 80% or below without taking into account the amount of mortgage insurance. The lender may require you to have held the loan for a certain period of time, such as 2 years, and the request may need to include a property appraisal to prove that the value of the home has not decreased since your loan began.
Can my Pueblo mortgage insurance company help me calculate my mortgage insurance cost?
Absolutely! In Pueblo, CO, your lender can assist you in calculating your mortgage insurance. Working with your lender can help provide insight on the costs associated with insuring a loan. They may provide information regarding private mortgage insurance (PMI), which helps cover avoid lenders risks in case of non-payment, or they may help you investigate Federal Housing Administration (FHA) or VA mortgage insurance. Your lender may provide resources and guidance to ensure you are able to make the best decision for your circumstances.
Who is required to use mortgage insurance companies in Pueblo?
In Pueblo, Colorado, any homeowner looking to purchase a home with a loan-to-value (LTV) ratio of more than 80% will be required to have mortgage insurance. LTV is the loan balance divided by the appraised value or purchase price, whichever is lower. In other words, if you want to buy a home for $200,000 but need a loan with a balance of $160,000 or more to do so, you will likely need mortgage 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