Taking too long? Close loading screen.
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 White Bear Lake, MN
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple White Bear Lake, MN 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 White Bear Lake, MN is a type of insurance that protects lenders in the event a borrower defaults on their mortgage loan. It is also sometimes referred to as private mortgage insurance (PMI). Mortgage insurance in the city of White Bear Lake tends to be more expensive than in other parts of Minnesota due to its higher home prices and increased risk of default. For borrowers, mortgage insurance means that homebuyers with less than 20% down payment may still qualify for a mortgage loan.
Can I avoid a White Bear Lake mortgage insurance policy with a larger down payment?
Yes, you may be able to avoid mortgage insurance with a larger down payment, particularly in White Bear Lake, MN. Since White Bear Lake is part of an area with an above average median cost of housing, mortgage insurance requirements are higher. Paying a larger down payment usually satisfies the mortgage insurance requirements, reducing the total cost of the loan. Depending on the lender and loan option being used, lenders may have different down payment requirements or allow for other ways to avoid mortgage insurance. It is important to contact a local mortgage lender and discuss down payment and mortgage insurance options available to you.
Who is eligible for a private mortgage insurance policy White Bear Lake?
In White Bear Lake, Minnesota, people who have a down payment of less than 20% on their home loan or refinancing may be eligible for private mortgage insurance (PMI). PMI is typically available for people who are purchasing or refinancing a single-family residence, unless the loan is a government-backed loan. The PMI rate may vary depending upon a borrower’s credit score and other factors, so it is best to check with a local lender or mortgage broker to find out what rate is available.
How does FHA mortgage insurance near White Bear Lake work?
FHA mortgage insurance is a type of insurance that protects lenders when a borrower in White Bear Lake, MN is unable to repay their loan. FHA insurance requires a one-time, up-front mortgage insurance premium (MIP) as well as an annual MIP that is added to the borrowers’ monthly mortgage payment. In general, FHA mortgage insurance offers lower interest rates and higher loan amounts than conventional loans and is ideal for first-time homebuyers in White Bear Lake, MN with limited funds for a down payment.
Who is eligible for USDA insurance from White Bear Lake mortgage insurance companies?
Individuals residing in White Bear Lake, MN, who meet the USDA's income eligibility guidelines can be eligible for USDA mortgage insurance. Specifically, those who have an income at or below 115% of the median income in the area are eligible for USDA mortgage insurance. Eligibility is based on factors such as family size, income, and total debts. However, individuals must also meet credit score requirements and have a satisfactory housing history in order to take advantage of the program. Ultimately, anyone interested in determining whether they are eligible for USDA mortgage insurance should contact the local USDA Office to discuss their unique individual situation.
The VA funding fee is a one-time fee paid by Veterans to the Department of Veterans Affairs (VA) for certain home loans, and it helps to insure the loans against losses. In White Bear Lake, Minnesota, the VA funding fee for Veterans who are members of the regular military and first-time homebuyers is typically 2.3% of the total loan amount. Veterans who qualify for a disability waiver, as well as certain surviving spouses of Veterans, may be exempt from this fee.
Are there discounts available for mortgage insurance in White Bear Lake?
Yes, discounts are often available for mortgage insurance in White Bear Lake, MN. There are several discount options you can look into that may be beneficial to reducing the cost of your insurance. For example, for those who live in the White Bear Lake area, you may qualify for an annual policy discount. By discussing with your mortgage provider, you may be able to find additional cost savings through bundling other insurance policies with your mortgage protection. Additionally, you may be able to save with a multi-line discount that is offered by some companies when you buy a home and auto policy from them.
Can I cancel my White Bear Lake mortgage insurance policy early?
Yes, you may be able to cancel your mortgage insurance early in White Bear Lake, MN. Depending upon the terms of your loan, it may be possible to cancel the private mortgage insurance early. There are certain conditions that must be met in order to be eligible, including that you must have at least 20% equity in your home, be current on your payments, and have a satisfactory credit score. In consideration of these conditions, it is important to speak with your lender to determine if canceling your mortgage insurance is an option in your situation.
Is there an online calculator for mortgage insurance from a White Bear Lake mortgage insurance company?
Yes, there is an online calculator for mortgage insurance available for White Bear Lake, MN. This calculator can help you understand the associated costs of your mortgage and can provide an estimate for the mortgage insurance you will need to purchase in order to cover the insurance company's risk. This calculator is especially useful for those with little knowledge of mortgages and mortgage insurance, as it can help create a personalized plan for your individual needs. It can also provide up-to-date information on current mortgage interest rates and other related expenses. Additionally, customer service representatives are available to provide guidance and answer questions.
Do I need mortgage insurance companies in White Bear Lake?
The answer to whether you need mortgage insurance in White Bear Lake, MN depends on your individual circumstances. Generally speaking, mortgage insurance is optional and you should discuss the need for it with your lender. Generally, mortgage insurance helps protect lenders from borrowers defaulting on their loan. Whether or not it fits your situation will depend on factors like the amount of equity in your home and your credit score. Additionally, you may be able to reduce your mortgage payments by paying off a portion of your loan and switching to a lower interest rate in order to reduce or eliminate the need for mortgage insurance.
Other locations near White Bear Lake, MN
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