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 Yuma, AZ
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Yuma, AZ 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 important for homeowners in Yuma, AZ for a variety of reasons. One of the most important reasons is it lowers the monthly payments on the home, making it more affordable for those who live in Yuma's hot real estate market. Mortgage insurance protects the lender if a homeowner defaults on their mortgage and can ultimately save the homeowner thousands of dollars in the long run. This can be especially helpful for Yuma residents with tight budgets. In addition, many lenders require mortgage insurance for loan approval, so it's important for Yuma homeowners to do their homework and learn about all their options.
How can I reduce my Yuma mortgage insurance policy cost with a larger down payment?
If you are a Yuma, AZ homeowner looking to reduce your mortgage insurance costs with a larger down payment, you may benefit from the FHA Home Loan. In Yuma, many first-time homebuyers use FHA loans due to their low down payment requirements with the option of making additional payments. A down payment as low as 3.5% of the purchase price may be all that is needed for those who qualify. Additionally, making extra payments and presenting other collateral can reduce the principal loan amount and thus help to decrease your mortgage insurance costs.
What are the benefits of having a private mortgage insurance policy Yuma?
Private mortgage insurance, or PMI, is an important option for homeowners in Yuma, AZ who may not have enough cash on hand to make the traditional 20% down payment on their home. PMI can protect lenders in the event of a homeowner missing payments, and can allow borrowers to purchase a home with a smaller down payment. Furthermore, PMI allows borrowers the flexibility to refinance their mortgage at a lower rate, enabling them to purchase a home sooner, as well as potentially saving them money in the long-term.
What are the drawbacks of FHA mortgage insurance near Yuma?
In Yuma, AZ, one of the drawbacks of FHA mortgage insurance is the high cost associated with monthly payments. FHA mortgage insurance requires at least a 3.5% down payment, which can be challenging to come up with, as well as closing costs. Additionally, FHA mortgage insurance often carries a higher interest rate than conventional loans, resulting in higher payments in the long run.
How do Yuma mortgage insurance companies process USDA insurance?
USDA mortgage insurance works by offering Yuma, AZ residents competitive rates on home loans. It provides 100% financing, meaning no down payment is required. Borrowers pay an upfront guarantee fee which is generally less than a typical down payment on a conventional loan. USDA mortgage insurance ensures that lenders are eligible to receive compensation from the USDA when mortgage payments are not made and is paid for by the borrower. This helps protect lenders from potential financial loss, so they are more willing to offer a loan.
Anyone who is considered to be eligible for VA benefits, such as active, veteran and retired US military personnel, their spouses, and surviving spouses, can apply for a VA loan in Yuma, AZ. Notably, veterans do not need to give up any entitlement entitlement to relocate to a new area; the VA guarantee will still apply. Furthermore, veterans receive certain financial benefits that are not available to non-veterans, such as being exempt from paying a down payment, and no mortgage insurance premiums is typically necessary.
Are there discounts available for mortgage insurance in Yuma?
Yes, there are discounts available for mortgage insurance in Yuma, AZ. The amount of potential savings depends on the specific details of your mortgage and can be significant. These discounts can come in the form of a lower rate for a single premium or they may be based on other factors such as credit score, debt to income ratio or the length of the mortgage. To determine if youβre eligible for discounts, itβs recommended to contact an experienced mortgage specialist or insurance broker in Yuma who is familiar with the options available.
Can I cancel my Yuma mortgage insurance policy early?
In Yuma, AZ, you may be able to cancel mortgage insurance earlier than specified in your loan documents if your loan balance falls below a certain percentage of the property's value established by your lender. You must request the cancellation and provide evidence that the loan balance is below the percentage (such as a current appraisal). Contact your lender to learn about their specific requirements for cancelling earlier than planned.
What factors are considered when calculating mortgage insurance for a Yuma mortgage insurance company?
When determining mortgage insurance in Yuma, AZ, a wide variety of factors are taken into account. Mortgage lenders must consider the borrower's credit score and employment status, the size of the loan, and the loan-to-value ratio, among others. In addition, the down payment amount, the geographic location of the property, the loan purpose, and the borrower's assets are all factors that determine mortgage insurance rates. Lenders must also consider equity costs associated with the loan and may require an upfront premium, as well as a monthly premium.
Who is required to use mortgage insurance companies in Yuma?
In Yuma, AZ, those who are required to obtain mortgage insurance are normally individuals who put down a down payment of less than 20-percent of the home's total purchase price. Mortgage insurance, or private mortgage insurance (PMI), protects the lender in the event that the borrower defaults. The premium rate for PMI is generally based on the loan amount and the size of the down payment; the higher the loan amount and/or the smaller the down payment, the higher the premium.
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