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 San Clemente, CA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple San Clemente, CA 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 is a coverage option for homeowners in San Clemente, CA that helps protect the lender in the event of a default. It also helps to lower the risk for the lender and make it more likely for them to accept a loan application. Generally, borrowers pay a premium each month for the insurance and is an additional cost that is added onto the loan repayment. Mortgage insurance may also allow those with less equity in a home or those with lower credit scores an opportunity to purchase a property.
Can I avoid a San Clemente mortgage insurance policy with a larger down payment?
In San Clemente, California, you can avoid mortgage insurance with a larger down payment. A 20% down payment or higher is the minimum needed to achieve this and can help you save money in the long run. If youβre able to set aside more money for a down payment, then doing so can lower not only the monthly mortgage payments, but also the interest rate and closing costs associated with the loan. Additionally, the size of your down payment can also directly influence your credit score by showing lenders that you are committed and financially responsible.
What is a private mortgage insurance policy San Clemente?
Private Mortgage Insurance (PMI) is a type of insurance required for homebuyers in San Clemente, CA who are unable to make a 20% down payment on their mortgage. PMI protects the lender in the event the borrower falls behind on their payments or defaults on the loan. PMI is paid with a monthly mortgage payment at a rate set by the lender and is generally required until the loan-to-value ratio of the mortgage reaches or goes below 80%.
What is FHA mortgage insurance near San Clemente?
FHA mortgages are one of the most popular methods of home financing in San Clemente, CA. FHA mortgage insurance is a type of insurance premium that an FHA borrower pays during the life of their loan. It is an insurance policy that protects lenders from default and mortgage loss. The cost of FHA mortgage insurance is usually paid in full at the closing of the loan, and it includes both the initial one-time premium and the annual premium. The insurance helps protect the lender in the event of default on the loan. FHA mortgage insurance typically adds 0.85% to 1.
What are the benefits of USDA insurance from San Clemente mortgage insurance companies?
San Clemente, CA residents may appreciate the benefits of USDA mortgage insurance, such as securing 100% financing on home purchases in eligible rural areas β an especially attractive benefit in a location that faces high real estate costs. Additionally, this insurance often provides lower monthly payments than those of conventional loans, with no downpayment required. Furthermore, USDA mortgage insurance protects lenders in the event of borrower default, meaning San Clemente residents can utilize this program with confidence. This insurance increases the chances of receiving a loan as it diminishes the risk for lenders, a particularly attractive benefit in an area with increasing housing prices.
San Clemente residents can benefit from a VA loan in several ways. VA loans tend to offer lower interest rates than conventional loans, which can save borrowers a significant amount of money on their mortgage. Additionally, unlike conventional loans which typically require a minimum of a 20% down payment, VA loans may not require any down payment which can save borrowers from having to come up with a large sum of money for the down payment. Additionally, VA loans offer flexible repayment terms and don't require any prepayment penalties or private mortgage insurance.
Can I negotiate the cost of my mortgage insurance in San Clemente?
It may be possible to negotiate the cost of your mortgage insurance in San Clemente, CA. First, contact your lender to see what kind of assistance and options may be available to you for reducing the costs of mortgage insurance. Your lender will likely be able to provide you with information about discounts that may be available. Additionally, you could consider private mortgage insurance (PMI) instead of mortgage insurance from the federal government which could provide you with greater savings. Be sure to compare the cost of both options and do your research so you can make the best decision for your financial situation.
Can I cancel my San Clemente mortgage insurance policy early?
Yes, you can cancel your mortgage insurance early in San Clemente, CA. Depending on when you purchased your mortgage, who owns it, and your specific loan terms, there may be options available to you. Generally speaking, if you have met the requirements of the lender, have 20% or more equity in your home, and are current on your payments, you may qualify for termination of your insurance policy prior to the completion of the loan term.
How do I calculate mortgage insurance for a San Clemente mortgage insurance company?
To calculate mortgage insurance in San Clemente, CA, it is best to consult with a licensed and experienced mortgage specialist. They can provide you with specialized advice to obtain the most accurate calculations. Knowing the size of the home loan and the down payment will help the specialist to estimate the cost of Mortgage Insurance (MI). Additionally, the specialist can advise you on state and federal programs that may be applicable in reducing the overall cost to you. They will review your creditworthiness and can suggest ways to save on the MI by offering private mortgage insurance.
Are there alternatives to mortgage insurance companies in San Clemente?
In San Clemente, CA, there are many alternatives to mortgage insurance. One option to consider is a loan program called Private Mortgage Insurance (PMI). PMI does not require you to pay an additional fee for insurance but it does require an upfront fee, that may be wrapped into the loan. Another option is an FHA loan, which requires mortgage insurance of up to 1.75% of the loan amount, but the benefit is that you may be able to qualify for a smaller down payment and more relaxed credit standards.
Other locations near San Clemente, CA
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