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 Renton, WA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Renton, 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 Renton, WA is designed to help protect borrowers should they become unable to make their mortgage payments. Generally, if a borrower's down payment is less than 20% of their home's purchase price, they will be required to take out mortgage insurance. Mortgage Insurance protects lenders from losses if the borrower defaults on the mortgage loan. This insurance is typically paid for by the borrower in the form of a one-time premium at the closing of the loan, or a monthly premium that is embedded in the borrower's mortgage payments.
Does the cost of a Renton mortgage insurance policy depend on the size of my down payment?
Yes, the cost of mortgage insurance in Renton, WA can depend on the size of your down payment. Generally, the bigger the down payment you can make at the time of purchasing a home, the lower your premiums will be. Typically, mortgage insurance premium rates are based on the loan-to-value ratio, which is calculated by dividing the loan amount by the purchase price. The more you can put down in a down payment, the lower this ratio will be, and the lower your mortgage insurance premiums will be.
Do I need a private mortgage insurance policy Renton?
Whether or not a borrower is required to have private mortgage insurance (PMI) depends on the size of the down payment and the type of loan. In Renton, WA, if the borrower is taking out a conventional loan, typically they will need to have 20% or more equity in the home in order to waive the requirement for PMI. Borrowers who do not have 20% equity in the home will be required to purchase PMI until they reach the required level of equity. Borrowers should remember that the monthly PMI premium could add significantly to their overall monthly housing costs.
What is FHA mortgage insurance near Renton?
FHA mortgage insurance is an insurance policy for borrowers in Renton, WA who are obtaining a Federal Housing Administration (FHA) loan. This policy protects lenders against losses resulting from a borrower's default. FHA mortgage insurance is generally required for borrowers putting less than 20% of the purchase price of their home down. This insurance allows lenders to provide mortgages with long-term fixed-interest rates that are not usually available with other loan products. It also provides protection to qualified borrowers by offering a lower down payment and more flexible credit requirements.
Do Renton mortgage insurance companies offer USDA insurance?
USDA mortgage insurance (often called Rural Housing Loan Insurance) is a loan guarantee program that helps lowto moderate-income households purchase homes in Renton, WA and other areas classified as rural. The loan covers 100% of the purchase price and provides a number of incentives to potential home buyers such as a low fixed rate, no down payment, and no monthly mortgage insurance premiums. Additionally, the loan limits are typically higher than traditional mortgages, making it easier to buy a more expensive home.
In Renton, WA, the VA funding fee is calculated based on a variety of factors, including loan type, residence status, and down payment amount. Specifically, the funding fee is a percentage of the loan, ranging from 1.25% to 3.3%. For a service-related disability, the fee is discounted. For those applying for a VA Home Loan, the funding fee can be included in the loan. However, borrowers must certify that they are applying the funds for a primary residence and must sign a statement of understanding regarding the VA Funding Fee.
Are there discounts available for mortgage insurance in Renton?
Yes, there are discounts available for mortgage insurance in Renton, WA. For example, Federal Housing Administration (FHA) mortgage insurance premiums can be discounted if the mortgage is tied to an FHA-approved lending institution. Other discounts may be available depending on the applicant’s credit score or the type of loan the applicant chooses. Additionally, some insurance providers in Renton offer discounts for switching insurers or for taking out additional policies through the same provider. These discounts can offer significant savings on mortgage insurance premiums.
Does the mortgage insurance termination process vary by Renton mortgage insurance policy?
Yes, the mortgage insurance termination process does vary by lender in Renton, WA. Depending on the specific mortgage agreement and lender, the process may require additional documentation as to why mortgage insurance is no longer needed. Typically, a borrower must provide proof of the current market value of the home to be determined, as well as complete a formal application. If the lender determines that the current equity in the home meets a set threshold, the mortgage insurance can be lifted. Additionally, there are some instances in which lenders may require additional information before determining whether a borrower meets the necessary requirements for termination.
How do I calculate mortgage insurance for a Renton mortgage insurance company?
Calculating your mortgage insurance in Renton, WA is fairly simple. Start by determining your loan amount, which is the total money you need to borrow for your mortgage. Then decide which type of mortgage insurance you want to use. The most common type of mortgage insurance available in Renton is Private Mortgage Insurance (PMI). Finally, use an online calculator or consult an expert to calculate your monthly PMI payment. It's important to take into account your loan amount, credit score, and other factors to accurately calculate your mortgage insurance.
Who is required to use mortgage insurance companies in Renton?
In Renton, WA all borrowers who take out a mortgage of more than 80% loan-to-value must obtain mortgage insurance. Mortgage insurance is a policy that protects lenders from losses due to borrower defaulting on the loan. This differs depending on the lender, but the general rule of thumb is that anyone who has less than 20% equity in their home must be insured. This insurance is part of the borrower’s monthly mortgage payment and can be paid upfront or over time.
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