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 SeaTac, WA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple SeaTac, 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...
In SeaTac, WA, there are three main types of mortgage insurance: private mortgage insurance (PMI), mortgage indemnity insurance (MII), and mortgage disability insurance (MDI). PMI is paid for by the borrower and protects the lender in the event of a default on a loan. MII is also paid for by the borrower and covers part of the loss to the lender if a borrower defaults, but is not commonly used these days.
How does a larger down payment affect my SeaTac mortgage insurance policy cost?
Making a larger down payment can significantly reduce mortgage insurance costs in SeaTac, WA. By increasing the down payment, one can reduce the loan amount and decrease the total rate of risk, thus affecting short-term and long-term insurance costs. Lenders typically require at least a 20% down payment for loan approval, so even a minimal amount added to this can help to lower mortgage insurance costs. Furthermore, depending on the type of loan being applied for, there may be certain conditions that could also lower insurance costs further in the event of a larger down payment.
What is a private mortgage insurance policy SeaTac?
Private mortgage insurance (PMI) is a type of insurance policy typically required for homebuyers who are unable to put down a large down payment on their mortgage in SeaTac, WA. It allows them to make a smaller down payment while still providing financial protection to the lender against the borrower defaulting on their loan. PMI provides a layer of protection to borrowers servicing a mortgage in SeaTac, WA by covering the additional risk associated with smaller down payments.
What are the drawbacks of FHA mortgage insurance near SeaTac?
The main drawback of FHA mortgage insurance in SeaTac, WA is its cost. Mortgage insurance premiums (MIP) are based on the loan amount, your credit score, and length of your loan, and can become quite expensive over time. Additionally, borrowers must be current on the mortgage for a certain period before any interest paid can be applied to the principal balance. This means even if you pay extra each month, your loan balance does not decrease until after the established threshold has passed. Finally, borrowers must pay a 1.
Do SeaTac mortgage insurance companies offer USDA insurance?
USDA mortgage insurance in SeaTac, WA helps qualified borrowers purchase homes with no money down using a USDA mortgage loan. This type of loan is available to those who meet the income and area eligibility requirements in SeaTac. USDA mortgage insurance helps protect lenders so that they can offer low-interest, no-down payment USDA loans. It also helps protect borrowers from defaulting on their loans. USDA mortgage insurance is available at a lower rate than that of other insurance, which helps keep payments affordable for borrowers.
The VA Funding Fee is a set percentage of the loan amount, calculated based on the type of loan and your military status. In SeaTac, Washington, the VA Funding Fee is currently 2.3% of a purchase or construction loan for Veterans who have not used their VA Loan eligibility before (first-time users). This fee can be up to 3.6% for a second time VA Loan user in SeaTac, and up to 3.3% for the regular VA Refinancing Loan. The fee can also be reduced to 1.
Can I negotiate the cost of my mortgage insurance in SeaTac?
Depending on your situation and location, negotiating the cost of mortgage insurance may be possible in SeaTac, WA. To determine your eligibility, you should speak to a loan officer or real estate professional to determine if you're able to negotiate the cost of mortgage insurance. It's important to do thorough research and have an understanding of the current market conditions in SeaTac. That way, you can ensure that you're getting the best and most affordable rates available. Additionally, make sure to review your credit score and any applicable discounts you may qualify for.
Does the mortgage insurance termination process vary by SeaTac mortgage insurance policy?
Yes, the mortgage insurance termination process can vary by lender. In SeaTac, WA, lenders must comply with the local regulations established by the Seattle-Tacoma Housing Authority. This includes making sure that the mortgage insurance is terminated on the agreed upon date. Before starting the process, it's a good idea to contact the lender so they can guide you through what will be required. In some cases, the borrower may need to provide additional documents and information prior to the termination of the mortgage insurance.
How do I calculate mortgage insurance for a SeaTac mortgage insurance company?
An accurate way to calculate mortgage insurance in SeaTac, WA is to contact a local mortgage broker who understands the current mortgage regulations in the area. They will be able to provide an estimate of the cost for mortgage insurance based on your personal situation, as some factors that influence the rate of mortgage insurance premiums include the size and duration of the loan, your credit score, and the current mortgage interest rates in the area. Taking the time to speak with a professional can help you ensure you are selecting the best plan for your individual needs.
Can I opt out of services from mortgage insurance companies in SeaTac?
In SeaTac, WA, a homeowner may opt out of purchasing mortgage insurance by providing proof of a 20% down payment on the value of the home. In other words, if the homeowner can show that they have provided at least a 20% down payment on the purchase of the home, then they can opt out of obtaining mortgage insurance. Furthermore, it is important to note that even after the homeowner obtains the proof of the 20% down payment, they must provide the documentation to their lender to receive credit for the full amount.
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