GREAT QUESTION and as stated below, there is no really one answer to this question. I suggest to my buyers to get quotes from three to four insurance companies PRIOR TO MAKING AN OFFER. We have been surprised at the difference in quotes. . . I am sure you will see the same.
Our weather conditions NORTHERN and SOUTHERN Alabama and actually all over the US can vary. I have found that homes built under code can however make a considerable difference in your insurance rates; regardless of location. I would suggest that you take a look at the building codes and make sure that the home that you are buying is up to code or has been brought up to code to lower your cost. Spanish Fort is a great area. . . MY HOME TOWN. . . Just look closer at the construction and get QUOTES. Some lenders also have dropped the requirement for wind. . . however this is a RISK that you will have to take if you are financing the home. . . BEST TO YOU....Call me if you do not already have a Agent representing you!
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle Renovation | VA | USDA | GA Dream | Jumbo Financing
If you have a home that is older and you are trying to get your insurance down, there are some things you can do that will likely cost you money up front, but may repay you over time. Your best option is to speak with a couple of insurance companies and get a quote.
I can supply you with a list if you want to email me directly.