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Mortgage Insurance - Article - Removing Mortgage Insurance

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The requirements for removing your mortgage insurance premium (MIP) or private mortgage insurance (PMI) depend on your loan. Keep in mind the best way to figure out when you can remove your mortgage insurance is to call us. Here are some general guidelines.

Canceling PMI

For loans covered by the Homeowners Protection Act of 1998 (HPA), you can request to have PMI removed when your balance reaches 80% loan-to-value (LTV) based on the original value of your home. If you're requesting to have PMI removed, you:

  • Must not have had any 30-day late payments within the past 12 months
  • Must not have had any 60-day late payments within the last 24 months
  • Must submit a request in writing
  • Must be current on payments

Otherwise, we'll automatically cancel it once you reach your origination PMI termination date.


The guidelines don't apply to every loan so be sure to call us at 1-866-596-2739 to get the specifics on when you can remove your PMI. Information 1-888-782-3333
Taxpayer Assistance 1-866-581-1040
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