With Better Mortgage, you don’t need to pay your homeowners insurance through escrow if you meet the following conditions:
- You have a conforming loan
- Your credit score is at or above 680
- Your home is not in a flood zone
- Your loan-to-value ratio (LTV) is at or below 80% (or 90% if they live in California)
However, given that having homeowners insurance is a requirement for loans with Better Mortgage, many homeowners find it more convenient to pay their insurance premiums through escrow.