Frequently asked questions

Do I have to pay homeowners insurance through escrow?

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.

Discuss your options with a Better Cover insurance expert

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