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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 Vancouver, WA
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Vancouver, 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
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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.
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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.
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"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 Vancouver, WA, mortgage insurance is essential to ensure that homeowners can protect the value of their home in the event of a default. Mortgage insurance allows borrowers to access more affordable financing, and offers lenders assurance that loans are backed by a financially secure source. Additionally, some lenders require borrowers to purchase insurance to cover the entire loan amount if the no-downpayment option is selected. By having mortgage insurance in place, homeowners in Vancouver, WA are better protected in the event of a foreclosure, loss of job, death, or other circumstance that could result in the inability to make mortgage payments.
How can I reduce my Vancouver mortgage insurance policy cost with a larger down payment?
Homeowners in Vancouver, WA looking to reduce mortgage insurance cost can do so with a larger down payment. Generally speaking, the larger the down payment, the lower the mortgage rates, resulting in lower insurance costs. Additionally, by making a larger down payment, the loan-to-value ratio on the mortgage is reduced, substantially decreasing the risk of defaults and ultimately the cost of insurance. To help make a larger down payment a reality, individuals in Vancouver, WA can take advantage of grant and loan programs offered through the financing department at the local City Hall and local banks and credit unions.
Who is eligible for a private mortgage insurance policy Vancouver?
Eligibility for Private Mortgage Insurance (PMI) in Vancouver, WA depends on the terms of your mortgage agreement and the size and type of loan you have chosen. Generally, borrowers who purchase or refinance a primary residence that is a single-family detached home with a loan-to-value (LTV) ratio greater than 80% are eligible for Private Mortgage Insurance. Buyers in the Vancouver, WA area may qualify for conventional, FHA, or VA loans with mortgage insurance coverage.
Who is eligible for FHA mortgage insurance near Vancouver?
Anyone in the Vancouver, WA area who is looking to buy a home or refinance their mortgage is eligible for FHA mortgage insurance. FHA loans are government-insured and can be used for single-family homes, multi-family homes in qualifying buildings, condominiums, and manufactured homes, so they're an optimal choice for those in the Vancouver area. Generally, buyers must provide a minimum down payment of 3.5% on their purchase. In addition, borrowers must meet certain credit and income requirements to qualify for an FHA loan.
What are the drawbacks of USDA insurance from Vancouver mortgage insurance companies?
One potential drawback of USDA mortgage insurance in Vancouver, WA is that not all properties are eligible for USDA financing. USDA loans are limited to properties located in eligible rural areas. Although Vancouver is a larger city, homes located in certain outlying areas may be eligible. Additionally, USDA mortgage insurance has a mandatory 1% annual fee for all borrowers. This fee is generally lower than other mortgage insurance options, but it could be a disadvantage for buyers who may not want to pay the extra fee.
The VA funding fee for Vancouver, WA is dependent upon the specific loan amount and type of borrower, according to the U.S Department of Veterans Affairs. Generally, VA funding fees are a percentage of the loan amount. The fee is a one-time charge for veterans who take out a VA mortgage loan and can be added to the loan balance. Active duty veterans who have served for at least 90 days are exempt from the fee. Veterans with service-related disabilities do not have to pay the VA funding fee, but will need to provide certification from the VA.
What can I do to lower the cost of my mortgage insurance in Vancouver?
In Vancouver, WA, one of the best ways to lower the cost of your mortgage insurance is to shop around for the most competitive premium rates. Speak to a certified, local mortgage broker to ensure you're getting the best deal for your situation. Additionally, you could consider increasing your down payment as larger down payments may help reduce your mortgage insurance costs. Furthermore, reducing your loan-to-value ratio could be another effective way to reduce your premium expenses. Finally, if your credit score has improved since the time of application, you may receive an additional break on your premium costs.
What process do I need to follow to cancel my Vancouver mortgage insurance policy?
To cancel your mortgage insurance in Vancouver, WA you must ensure you have completed all of the criteria that your lender has set out-this could include paying your loan down to a certain percentage (typically 78%). Once you have met the requirements, contact your lender to confirm the cancellation and request a retrospective refund of any premiums that you have paid. In addition, if you are unhappy with the process or the decision of your lender, you can lodge a complaint with the Consumer Financial Protection Bureau or your local Better Business Bureau.
Is there an online calculator for mortgage insurance from a Vancouver mortgage insurance company?
Yes, there are a few online calculators available for mortgage insurance in Vancouver, WA. First, the U.S. Department of Housing and Urban Development provides a calculator to estimate a borrower's upfront mortgage insurance premium (UFMIP) and their annual Mortgage Insurance Premium (MIP). It is recommended for home buyers who are using an FHA loan to buy in Vancouver. Additionally, the National Association of Realtors provides a calculator to estimate the total monthly mortgage payment with and without mortgage insurance. This should be helpful for home buyers who want to compare the difference in payments.
Do I need mortgage insurance companies in Vancouver?
While mortgage insurance is usually required when putting less than 20% down on a home in Vancouver, WA, there are some options available to help reduce or avoid this requirement. The HomeReady program offers reduced mortgage insurance, while VA loans are available to veterans and active service members who have served during specific times of conflict, so this may be an option for those in the military. Additionally, FHA loans do not require Private Mortgage Insurance (PMI) if you put more than 10% down.
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