The 80% and 78% LTV PMI removal rules on conventional loans, how to request cancelation, and timing. The 2 Mortgage Guys at Luminate Bank, Kokomo.
Home
Conventional Loans
PMI Removal
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.
Two numbers drive most conventional PMI cancellation conversations.
Do not wait for the servicer if you have already crossed 80% — ask.
If PMI is eating cash flow, accelerate equity intentionally.
A five-minute balance check can tell you whether PMI should already be gone.
Step
Related guides to help you compare options and move toward pre-approval.
2MG Daily
Recent articles from our blog on conventional loans, credit, and homebuying.
No related blog posts yet. Check back soon for the latest updates.
Share your loan balance and original purchase price — we will estimate your 80% and 78% dates and the fastest removal path.