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 Puyallup, WA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Puyallup, 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...
Choosing the right mortgage insurance policy for your needs is an important decision to make. In Puyallup, WA, you should seek out a mortgage insurance policy that can provide you a comprehensive coverage that meets or exceeds your needs and budget. It is important to look for an insurer that is reliable, trustworthy, and offers the best home insurance coverage for your needs. You should also consider the company's customer service; make sure they are responsive, informative, and willing to assist you when you need assistance. Finally, read online reviews to gather feedback from other customers when comparing mortgage insurance policies.
Can I avoid a Puyallup mortgage insurance policy with a larger down payment?
Yes, you can avoid mortgage insurance in Puyallup, WA by making an upfront down payment of at least 20-25%. Increasing your down payment amount will reduce your loan's total cost as you can avoid paying insurance fees and you can also get a lower interest rate which leads to additional savings. Furthermore, a larger down payment qualifies you for a larger loan amount, making it easier for you to take out a loan that is just what you need.
Do I need a private mortgage insurance policy Puyallup?
Whether you need private mortgage insurance depends on a number of factors specific to where you are looking to purchase a home and your individual situation. In Puyallup, WA, if you’re taking out a conventional loan, you will likely need PMI if you are putting down a down payment of less than 20%. If you are taking out a government-backed loan such as an FHA or VA loan, you may also need PMI, depending on the amount of your down payment and other individual factors.
How does FHA mortgage insurance near Puyallup work?
FHA mortgage insurance is a type of federal loan program offered to individuals seeking home ownership in the Puyallup, WA region. This insurance requires all borrowers put an up-front mortgage insurance premium (MIP) of 1.75%, along with an annual MIP of 0.45-0.85%, which will be based on the loan-to-value ratio. As the loan is paid down, the annual MIP amount decreases and eventually can be eliminated.
Who is eligible for USDA insurance from Puyallup mortgage insurance companies?
Eligibility for USDA mortgage insurance in Puyallup, WA is determined by the borrower’s income, credit score, and other criteria. In order to be approved, applicants must meet the USDA’s income limits and demonstrate they have the capacity to repay the loan. Individuals must also purchase a home located in a rural area, which is defined by the USDA. Those falling into lowto moderate-income brackets, veterans, and those with little-to-no savings may qualify for USDA mortgage insurance in Puyallup, WA.
The VA funding fee for eligible veterans in Puyallup, WA is determined by the veteran's VA loan entitlement, whether the veteran has used a VA loan before, and if the veteran receives a disability rating from the VA. For borrowers in Puyallup, WA, the fee can range from 1.4 to 3.6% of the loan amount for first-time borrowers and from 0.5 to 3.6% for subsequent use. This percentage can vary depending on the veteran's status, the down payment amount, and the type of loan (purchase or refinance).
Can I negotiate the cost of my mortgage insurance in Puyallup?
Depending on your unique financial situation, you may be able to negotiate a lower cost for your mortgage insurance in the Puyallup, WA area. In general, many lenders offer discount programs which can reduce your premium. Additionally, the loan-to-value ratio of your home and certain other factors will also play a role in the rates that are given. It is important to speak to your lender and do your research to find out what sort of options are available to you. Keep in mind that you don’t have to go for the first offer you get; you can always negotiate.
What process do I need to follow to cancel my Puyallup mortgage insurance policy?
To cancel your mortgage insurance in Puyallup, WA, you'll first need to contact your lender, who can verify if you are eligible to drop the insurance policy. Generally, this is possible once your loan balance reaches a certain point where it is less than 80% of the appraised value of the property. Upon verification, the lender may require some documentation before cancelling the insurance and may require the borrower to sign a cancellation form. Additionally, some lenders may require the borrower to provide proof of current mortgage coverage.
What factors are considered when calculating mortgage insurance for a Puyallup mortgage insurance company?
In Puyallup, WA, there are various factors that are considered when calculating mortgage insurance. The type of loan you choose, the loan-to-value ratio of the home, the purchase price of the property, the size of your down payment, your credit score, and the loan term all factor into the mortgage insurance calculation. Income, debt-to-income ratio and any other preexisting loans can affect the pricing of mortgage insurance as well.
Do I need mortgage insurance companies in Puyallup?
The specifics of your mortgage insurance requirements depend largely on the type of loan you are applying for, as well as the city or region of residence. If you are living in Puyallup, WA, you should speak to a local mortgage broker or financial advisor to discuss the best course of action based on your situation. Depending on the value of your home and loan amount, mortgage insurance may be a required part of the loan agreement. Be sure to thoroughly research the benefits of mortgage insurance and the associated costs, as mortgage insurance can be an important aspect of creating long-term financial security.
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