PMI Guide

When Can PMI Be Removed?

On most conventional loans, you can request PMI cancellation once you reach 80% loan-to-value based on the original value — and servicers must automatically cancel PMI by 78% LTV when you are current.

Get Pre-Approved Conventional Overview

The 80% and 78% LTV Milestones

Two numbers drive most conventional PMI cancellation conversations.

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))}

How to Request PMI Cancellation

Do not wait for the servicer if you have already crossed 80% — ask.

  • Check your latest statement for unpaid principal balance
  • Divide balance by original purchase price (or original appraised value)
  • Call your loan servicer and ask for PMI cancellation requirements
  • Provide a new appraisal if they allow current-value removal
  • Confirm the effective date and watch your next payment drop

Ways to Reach 80% Faster

If PMI is eating cash flow, accelerate equity intentionally.

  • Make extra principal payments
  • Apply a lump-sum windfall to principal
  • Refinance into a loan at or below 80% LTV
  • Request an appraisal if your market has appreciated
  • Avoid new cash-out that pushes LTV back up

What We Review With You

A five-minute balance check can tell you whether PMI should already be gone.

{[ ["Pull the numbers", "Loan balance, original value, and current market estimate."], ["Pick the path", "Borrower request at 80%, wait for 78% automatic, or refinance."], ["Contact the servicer", "We help you ask for the right form and avoid runaround."], ["Confirm the drop", "Verify PMI is removed and your escrow payment updates."] ].map(([t, d], i) => (

Step {i + 1}

))}

Keep Exploring

Related guides to help you compare options and move toward pre-approval.

Do Conventional Loans Require PMI?

When PMI applies and what it costs.

Is PMI Automatically Canceled?

The 78% automatic termination rule explained.

How Much Down Payment Is Required?

How down payment affects PMI from day one.

Get Started

Ask Ryan or Steve to review your PMI timeline.

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Related Blog Posts

Recent articles from our blog on conventional loans, credit, and homebuying.

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Frequently Asked Questions

Find Out When Your PMI Can Come Off

Share your loan balance and original purchase price — we will estimate your 80% and 78% dates and the fastest removal path.

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