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 Worthington, OH
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Worthington, 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...
Choosing the right mortgage insurance policy for you in Worthington, OH begins with the assessment of your individual needs and the most appropriate plan. Your financial optimizer or banker can provide demographic information specific to your zipcode, such as economic and industry trends, that will help you determine the right coverage and plan for you. It's also wise to consult with a trusted qualified professional to compare policies and determine which will fit best with your lifestyle, financial goals and objectives.
How does a larger down payment affect my Worthington mortgage insurance policy cost?
In Worthington, OH, a larger down payment will generally reduce the size of the mortgage and subsequently reduce your mortgage insurance costs. The life of the loan is usually extended by making a larger down payment, which can result in lower monthly payments. Additionally, larger down payments might qualify you for better overall interest rates, which can further reduce the cost of mortgage insurance. It's important to note that making a larger down payment would not reduce the cost of private mortgage insurance.
What are the drawbacks of a private mortgage insurance policy Worthington?
When considering the drawbacks of private mortgage insurance in the Worthington area, the main issues are cost and availability. Private mortgage insurance typically carries a higher premium than other types of lending, so individuals may have difficulty affording the cost of the insurance. Additionally, the coverage is often not readily available for individuals who lack sufficient documentation or meet other eligibility requirements. Itβs important to be aware of these limitations and plan accordingly when considering private mortgage insurance as a home financing option.
How does FHA mortgage insurance near Worthington work?
FHA mortgage insurance in Worthington, OH helps borrowers who may not have the financial means to qualify for a conventional mortgage to buy a home. This insurance makes the loan less risky for the lender by reducing the likelihood of them losing the loan if the homeowner defaults. The borrower pays for mortgage insurance as an upfront premium and also in monthly installments. The upfront premium is portioned into an upfront mortgage insurance premium (UFMIP) and an annual premium (MIP).
What are the benefits of USDA insurance from Worthington mortgage insurance companies?
Living in Worthington, OH comes with many benefits, but potential homeowners in the area should take advantage of the USDA mortgage insurance. This insurance provides 100 percent financing, a low fixed interest rate and no down payment requirement. Moreover, USDA insurance offers lenient credit requirements and low monthly mortgage insurance, giving those with the less-than-perfect credit or limited income more opportunity to own a home. Finally, this type of insurance can be used to cover certain home improvements, protecting you from costly repair bills and saving you money in the long run.
VA loans are incredibly beneficial to the veteran community in Worthington, OH and across the country. Worthington veterans can take advantage of a number of both tangible and intangible benefits when they secure a VA loan, such as no down payment requirement, flexible eligibility criteria, no private mortgage insurance requirement, competitive interest rates, and the potential to combine VA loans with other financing options. Plus the VA backs part of the loan, which gives lenders additional security and allows them to offer better terms to veteran borrowers.
Can I negotiate the cost of my mortgage insurance in Worthington?
Negotiating the cost of your mortgage insurance in Worthington, OH may be possible, depending on your lender and mortgage circumstances. Generally, your lender will set the initial premium rate and then there may be some bargaining room on the loan terms and pricing. You can inquire with your lender about any opportunities to reduce your mortgage insurance cost. Additionally, things like the type of loan, the amount borrowed, and other loan features can affect your rate, so it is always wise to explore your options when searching for a mortgage and working with a lender.
Does the mortgage insurance termination process vary by Worthington mortgage insurance policy?
Yes, the mortgage insurance termination process does vary by lender and this is especially pertinent for homeowners in Worthington, Ohio. For example, some lenders may require the homeowner to contact a mortgage insurance company and then apply for the mortgage insurance removal, while others may automatically cancel the mortgage insurance when an equity threshold is reached. Additionally, lenders may require you to provide paperwork and documentation to determine eligibility. Knowing the precise process for mortgage insurance cancellation is important, as homeowners in Worthington, Ohio can then take appropriate steps to reduce their ongoing mortgage payments.
How do I calculate mortgage insurance for a Worthington mortgage insurance company?
To calculate mortgage insurance in Worthington, OH, it is best to consult a knowledgeable local mortgage expert. A local expert can provide you with the most accurate and up-to-date information to ensure you understand all the details of your mortgage insurance calculation. By working with a local expert, you can also gain a better understanding of the legal requirements and other details that factor into the calculation, as well as how the local economy may affect your mortgage insurance rates.
Who is required to use mortgage insurance companies in Worthington?
In Worthington, OH, anyone who puts down less than 20% on their mortgage is required to purchase mortgage insurance, or private mortgage insurance (PMI). This is a type of insurance that covers the lender in the event that a homeowner fails to make their mortgage payments and defaults on their loan. Mortgage insurance lets lenders provide lenders with the ability to offer lower down payments than they otherwise would without the additional risk protection. This allows more people to become homeowners in Worthington and the risk of default is spread across a larger pool of people rather than relying on one individual.
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