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 Wilmington, OH
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Wilmington, OH 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 critical to any homeowner in Wilmington, OH due to its close proximity to the Great Miami River. Without an appropriate level of mortgage insurance, homeowners risk being unable to pay their mortgage if flooding affects their property. Additionally, mortgage insurance provides protection for lenders in the event of default on the loan, allowing them to stay protected while still keeping consumers in good standing in the eyes of their lender and maintain contiuned access to credit. Without mortgage insurance, banks may be unwilling to lend, leading to a halt of investments and a decline of property values in the Wilmington area.
How does a larger down payment affect my Wilmington mortgage insurance policy cost?
Making a larger down payment on your mortgage in Wilmington, OH, can help you to significantly reduce your mortgage insurance costs. Generally, the larger the down payment, the lower your overall mortgage insurance costs are likely to be. Most mortgage lenders will assess mortgage insurance when a down payment is under 20%, so putting down more than that can save you substantial money over the life of your mortgage. Furthermore, you can negotiate with your lender to waive the mortgage insurance cost completely if you put down a larger down payment.
What are the benefits of having a private mortgage insurance policy Wilmington?
Private mortgage insurance (PMI) offers several advantages to homeowners in Wilmington, OH, including providing more affordable financing options, allowing buyers to purchase larger homes, and providing extra protection for lenders in the event of default. PMI can also help some buyers who do not meet traditional credit standards to obtain financing. PMI can provide financial stability to the loan, allowing for more competitively priced loan terms that may include a lower interest rate and no down payment requirement. Lastly, PMI can help a homeowner build equity faster, meaning homeowners in Wilmington can accumulate a larger portion of their loan sooner.
What is FHA mortgage insurance near Wilmington?
FHA mortgage insurance is designed to protect lenders offering FHA loans in Wilmington, OH. It is an insurance policy that requires homeowners to make a one-time upfront mortgage insurance premium payment and annual premiums to insure the loan. This insurance allows those with credit that may not meet the requirements for a conventional loan, the opportunity to own a home in Wilmington. By reducing the risk for lenders, it helps you, as a potential homeowner, by giving you access to mortgage programs that may be more lenient.
How do Wilmington mortgage insurance companies process USDA insurance?
USDA mortgage insurance in Wilmington, OH helps lower-income families become homeowners by working with lenders to guarantee loan payments. With no down payment required, the USDA uses its Rural Development guarantee program to provide coverage for mortgages backed by USDA lenders. This helps borrowers obtain homes in more rural locations such as Wilmington, which often have higher costs than those in larger cities. USDA mortgage insurance helps lower the lender's risk by protecting them should the homebuyer default on their loan. This helps the borrowers access more favorable loan terms, allowing them to purchase a home while spreading out their payments over time.
In Wilmington, OH, one of the drawbacks of a VA loan could be the limits the Department of Veterans Affairs places on the amount it will guarantee. Depending on where you are looking to purchase in Wilmington, the VA loan limit may be lower than the home price, leaving the borrower needing to pay the difference out of pocket. VA loans also require funding fees, which are higher than other types of mortgages and may be cost prohibitive for some veterans. Additionally, the fees associated with closing a VA loan can be quite a bit higher than those associated with traditional mortgages.
How much is mortgage insurance in Wilmington?
The cost of mortgage insurance in Wilmington, OH depends upon several factors such as loan-to-value ratio, loan type, and credit score. Generally speaking, the higher the loan-to-value ratio and the lower the credit score, the higher the mortgage insurance payment will be, and conversely, the lower the loan-to-value ratio and the higher the credit score, the lower the mortgage insurance payment will be. It is best to speak to a mortgage lender to learn more about the applicable mortgage insurance rates specific to Wilmington, OH.
What are the requirements to cancel my Wilmington mortgage insurance policy?
To cancel mortgage insurance in Wilmington, OH, the homeowner must provide the mortgage servicer with documentation showing that the outstanding principal balance of the mortgage loan has been sufficiently reduced. Additionally, the homeowner must provide proof that their monthly payments have been made on-time for the last 12 months. If the documentation is accepted, the mortgage servicer will usually require the homeowner to pay an adjustment fee to finalize the cancellation of the mortgage insurance.
What factors are considered when calculating mortgage insurance for a Wilmington mortgage insurance company?
In Wilmington, OH, when calculating mortgage insurance, lenders consider a variety of factors such as the borrower's credit score, current income, debt-to-income ratio, the size of the down payment, and the type of loan program being used. The home's location and value are also taken into consideration when determining the cost of mortgage insurance. Ultimately, the mortgage insurance rate that is charged is based on the lender's risk and the amount of coverage they want to be provided with in the event of a borrower's default.
What happens if I don't use mortgage insurance companies in Wilmington?
If you do not get mortgage insurance when purchasing a home in Wilmington, OH, you could be putting yourself at risk in the event that you are unable to make the payments. The lack of coverage could leave you vulnerable to having to cover the entire balance due if you are unable to stay current on your mortgage payments. That is why mortgage insurance is highly recommended. It provides protection to not only you, but to the mortgage lender as well, by minimizing the losses should a loan not be repaid in full.
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