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 Spring Valley, NY
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Spring Valley, NY 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...
A mortgage insurance policy in Spring Valley, NY is a type of insurance that covers the lender if the borrower defaults on his/her mortgage. It's commonly offered on conventional loans to help lenders protect themselves against loss if the borrower is unable to make the payments. Mortgage insurance usually comes at a premium and is added to the total cost of the loan. Depending on the loan, the rate of the premium can range from 0.3 to 1.5 percent for every year of the loan. The premium is paid upfront or can be rolled into the borrower's loan.
Does the cost of a Spring Valley mortgage insurance policy depend on the size of my down payment?
The cost of mortgage insurance can be influenced by the size of a down payment you make, but that can vary depending on your particular circumstances. In Spring Valley, New York, mortgage insurance is typically required when making a down payment of less than 20 percent. The greater your down payment, the less expensive your monthly mortgage insurance will be. It's important to carefully consider your down payment when you are calculating the cost of your mortgage and deal with a reputable lender to ensure that you are getting the best rates and terms available.
Who is eligible for a private mortgage insurance policy Spring Valley?
Individuals who are residents of Spring Valley, NY and are looking to purchase a home may be eligible for Private Mortgage Insurance (PMI). To qualify, buyers typically need to make a minimum down payment of at least 3.5% of the home's pricetag, and have a credit score of at least 580. Additionally, buyesr will usually need to demonstrate steady income and employment in order to prove that they are capable of making mortgage payments on time. To learn more about PMI and eligibility requirements based on your individual circumstances, you can contact a local mortgage lender in Spring Valley.
What are the benefits of FHA mortgage insurance near Spring Valley?
FHA mortgage insurance offers many benefits to homebuyers in Spring Valley, NY. For one, FHA loans tend to require lower down payments and credit scores, making homeownership more accessible to financially-strapped homebuyers. Additionally, FHA mortgage insurance may offer more lenient qualifications and guidelines for those living in low-income neighborhoods, making it easier for residents of the financially disadvantaged areas of Spring Valley to access homeownership. Furthermore, borrowers may be able to take advantage of FHA-insured loans to buy a home even if it needs repairs or renovations.
How do Spring Valley mortgage insurance companies process USDA insurance?
USDA mortgage insurance in Spring Valley, NY works by providing homebuyers with the ability to finance up to 100% of the home's purchase price. With a USDA loan, borrowers can take advantage of low or no down payment and no private mortgage insurance (PMI). These features make a USDA loan extremely beneficial for those looking to purchase a home in Spring Valley, NY.
Veterans and service members from the Spring Valley, NY area who have served or are currently serving in the U.S. military are eligible for a VA loan. To qualify, you must have at least 90 days of active-duty service during wartime, or181 days of active-duty service during peacetime, or six or more years of service in the National Guard or Reserves. If you are a surviving spouse of a veteran who died in service or from a service-related disability, you may be eligible as well.
How much is mortgage insurance in Spring Valley?
Mortgage insurance costs vary based on the particular loan and property location. In Spring Valley, NY, it is important to speak with a qualified mortgage professional in order to get an exact estimate of what mortgage insurance might cost. Generally, mortgage insurance may range from 0.5% to over 1% of the total loan amount. It is an additional cost associated with taking out a loan and should always be considered when budgeting for a home purchase in Spring Valley, NY.
What process do I need to follow to cancel my Spring Valley mortgage insurance policy?
If you are a homeowner in Spring Valley, NY looking to cancel your mortgage insurance, it is important to understand that all lenders have their own specific requirements in doing so. Generally, you will need to show that you have at least 20% equity in your home. You may also need to submit proof of your income. Additionally, you may need to provide proof that you have been current on your mortgage payments for the past 12 months. To ensure all the necessary conditions have been met, it is best to reach out to your lender and inquire about their specific protocols for removing mortgage insurance.
Can my Spring Valley mortgage insurance company help me calculate my mortgage insurance cost?
Yes, your mortgage lender in Spring Valley, NY can most certainly help you calculate your mortgage insurance. It's important to be mindful of all expenses associated with your mortgage and the lender should be your go-to source for accurate calculations. They can provide assistance with everything from the type and amount of insurance you need to the costs associated with it. By taking advantage of their expertise and guidance, you can make sure all your mortgage needs are taken care of and that you received the best deal possible.
Can I opt out of services from mortgage insurance companies in Spring Valley?
Yes, you can opt out of mortgage insurance in Spring Valley, NY. Depending on your situation, you may qualify for lender-paid mortgage insurance, which will not require you to pay a separate premium. Alternatively, if you put down 20% or more when you purchase your home, you may qualify to exclude yourself from a mandatory mortgage insurance requirement. Be sure to contact a knowledgeable mortgage broker in your area to discuss your individual needs and options.
Other locations near Spring Valley, NY
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