Do I Need a Property Valuation to Remove PMI?

Short Answer

In some cases, a property valuation is required to confirm eligibility for PMI removal.
 

What’s Happening

If you request early PMI removal based on your home’s current value, we may need to verify that value through a manual review.
 

What It Means for You

• A valuation may include an appraisal or broker price opinion.
• The valuation must be arranged through us.
• You cannot order your own appraisal for this purpose.
• The fee is your responsibility.

A strong payment history and current loan status are also required.
 

What You Should Do Next

• Contact us to request a mortgage insurance review.
• Follow instructions for submitting a written request if required.
• Pay any applicable valuation fee once scheduled.
   

Important Dates, Fees, or Risks

• Valuation fees generally apply.
• Fees are usually non-refundable once the inspection is completed.
• Approval is not guaranteed and requires full review.
   

Contact Us If

• You have questions about fees
• You want to begin the PMI removal request process