How to Remove PMI in 2026: 80% & 78% Rules
How to Remove PMI From Your Mortgage in 2026: The 80% and 78% Rules, Reappraisal and Refinancing
United States | October 22, 2026
A homeowner bought a house for $400,000 with a 10% down payment.
Because the buyer put down less than 20%, the conventional mortgage required private mortgage insurance.
The PMI premium costs $175 every month.
Several years later, the homeowner has paid down the loan and the property's market value has increased.
Now the homeowner wants to eliminate the $175 charge.
Does the mortgage balance need to fall to 80% of the original purchase value?
Will PMI automatically disappear at 78%?
Can a new appraisal showing a higher home value remove it sooner?
Would refinancing be a better solution?
All four questions are important because different PMI-removal pathways use different eligibility rules.
The federal Homeowners Protection Act gives eligible borrowers specific cancellation and termination rights.
Mortgage investors may also provide additional options based on the property's current market value.
However, not every mortgage insurance premium is private mortgage insurance, and a new appraisal does not automatically eliminate PMI.
This guide explains the rules, calculations, paperwork and common mistakes that can affect a homeowner's savings.
1. What is private mortgage insurance?
Private mortgage insurance, or PMI, is a form of insurance commonly required when a buyer obtains a conventional mortgage with less than 20% down.
PMI primarily protects the mortgage lender or investor against certain losses if the borrower defaults.
It does not protect the borrower from foreclosure.
The borrower generally pays for the coverage through monthly premiums, although other payment arrangements are possible.
The monthly premium may appear within the total mortgage payment collected by the servicer.
That payment may also include principal, interest, homeowners insurance and property taxes.
Removing PMI can reduce the total monthly mortgage bill without changing the existing first-mortgage interest rate.
2. Which mortgages qualify for federal PMI cancellation rights?
The Homeowners Protection Act provides rights for many eligible residential mortgages originated or closed within the statute's applicable period.
The CFPB's main consumer guidance focuses on certain single-family principal-residence mortgages that closed on or after July 29, 1999.
The statute establishes the conditions under which borrower-paid private mortgage insurance can be cancelled at the borrower's request, terminated automatically or ended under its final-termination provision.
These rights are subject to the law's eligibility definitions and exceptions.
Different investor rules may provide additional protections.
FHA mortgage insurance and VA loan arrangements are not governed by the same ordinary conventional-PMI cancellation schedule.
Before calculating the threshold, identify what kind of insurance the monthly statement actually shows.
3. The 80% rule: request PMI cancellation
For many eligible conventional mortgages, a homeowner can request cancellation when the principal balance is scheduled to reach 80% of the property's original value.
An eligible borrower who makes extra principal payments and reaches that threshold sooner may request cancellation earlier.
The request must be submitted in writing under the federal rule.
Additional conditions generally apply:
The mortgage must be current.
The borrower must have a good payment history.
The borrower may need to certify that there are no subordinate liens.
The servicer may require evidence that the property's value has not fallen below its original value.
The 80% threshold is therefore a right to request cancellation subject to the statutory conditions, not an unconditional rule that the premium disappears the moment the balance hits the number.
4. The 78% rule: automatic termination
The 78% rule works differently.
For an eligible mortgage, the servicer generally must terminate PMI when the loan's scheduled principal balance first reaches 78% of the original property value.
This is based on the applicable amortization schedule rather than simply the date when extra payments produce an actual balance equal to 78%.
The borrower generally needs to be current on payments at that time.
If the loan is not current, termination occurs after the applicable requirements for bringing payments current are satisfied.
The important distinction is that extra principal payments can support a borrower-requested 80% cancellation, but they do not automatically move the statutory scheduled 78% termination date forward.
Homeowners who have paid extra principal should consider making an 80% cancellation request instead of assuming automatic termination has already occurred.
5. What does original value mean?
For many purchase-money mortgages covered by the Homeowners Protection Act, original value generally means the lower of:
The contract purchase price.
The appraised value at the time of purchase.
Suppose a home was purchased for $400,000 but appraised at $410,000.
Its original value for the relevant PMI calculation is generally $400,000.
If the home was purchased for $400,000 but appraised at $390,000, the original value may instead be $390,000.
A mortgage refinance has a different original-value definition under the applicable rule, generally using the appraised value at the time of refinancing.
Always ask the servicer for the original value actually recorded for your loan.
A current online listing estimate is not a substitute for that number.
6. The 80% and 78% threshold chart
The following calculations show the principal balances corresponding to 80% and 78% of different original values.
| Original home value | 80% borrower-request threshold | 78% scheduled automatic threshold |
|---|---|---|
| $200,000 | $160,000 | $156,000 |
| $250,000 | $200,000 | $195,000 |
| $300,000 | $240,000 | $234,000 |
| $350,000 | $280,000 | $273,000 |
| $400,000 | $320,000 | $312,000 |
| $450,000 | $360,000 | $351,000 |
| $500,000 | $400,000 | $390,000 |
| $600,000 | $480,000 | $468,000 |
| $750,000 | $600,000 | $585,000 |
These are mathematical thresholds.
They do not mean every mortgage in the table qualifies for removal without meeting the additional legal and servicing conditions.
7. Worked example: removing PMI from a $400,000 home
Suppose a homeowner bought a property with an original value of $400,000.
The starting mortgage was $360,000.
The initial loan-to-value ratio was 90%.
The borrower pays $175 per month for PMI.
At an outstanding principal balance of $320,000, the borrower has reached 80% of the original value.
The homeowner can ask the servicer to review eligibility for cancellation.
At a scheduled balance of $312,000, the 78% automatic-termination condition may apply.
Annual PMI cost is:
$175 × 12 = $2,100.
If cancellation occurs and the homeowner would otherwise have paid twelve more months of PMI, the avoided premium is $2,100.
If the premium would otherwise continue for 24 months, the potential avoided payments total $4,200.
These are illustrative savings before any permissible valuation or processing expenses.
They are not guaranteed, because the expected remaining PMI period differs from loan to loan.
8. How do you calculate your current LTV?
The loan-to-value ratio compares the mortgage balance with the applicable property value.
The formula is:
LTV = outstanding mortgage principal ÷ property value × 100.
Suppose the mortgage balance is $315,000.
The original value was $400,000.
Original-value LTV:
$315,000 ÷ $400,000 × 100 = 78.75%.
This is below 80%, so it may qualify for borrower-requested cancellation if the other conditions are satisfied.
But it does not necessarily mean the loan has reached the statutory automatic-termination date.
The servicer must examine the scheduled amortization and applicable mortgage rules.
For current-value cancellation, the denominator can be different.
That distinction matters.
9. What payment history is required?
For ordinary borrower-requested cancellation, the Homeowners Protection Act requires a good payment history and a current mortgage.
CFPB guidance explains that good payment history generally means:
No payments 30 or more days past due in the previous 12 months.
No payments 60 or more days past due in the relevant prior 12-month period preceding that year.
Fannie Mae's applicable servicing guidance also expresses these standards as no 30-day delinquency in the past 12 months and no 60-day delinquency in the past 24 months.
A mortgage that is current today may still fail the good-history requirement if recent serious late payments occurred.
Automatic termination uses its own statutory current-payment condition and should not be incorrectly treated as identical to the borrower-requested cancellation process.
10. Can extra principal payments remove PMI sooner?
Yes, potentially.
For eligible loans, making additional payments toward principal can help the actual principal balance reach 80% of original value before its scheduled date.
That can create an earlier opportunity to request PMI cancellation.
The homeowner should identify:
Current unpaid principal.
Original property value.
The exact 80% balance.
The amount of extra principal needed.
Any consequences of using savings to make that payment.
For example, if the balance is $330,000 and the original value is $400,000, the 80% threshold is $320,000.
The homeowner is $10,000 above that threshold.
A $10,000 principal curtailment could mathematically reach the threshold, provided it is correctly applied to principal.
But cancellation still depends on eligibility, including payment history and required evidence.
Do not use an emergency fund entirely to accelerate PMI removal without considering liquidity and alternative needs.
11. What happens if you do not request cancellation at 80%?
The mortgage may continue carrying PMI until the applicable automatic termination date or another qualifying termination event.
For an eligible standard amortizing mortgage, the 78% scheduled threshold is an important federal backstop.
The borrower may also have rights under the final-termination rule.
If the homeowner meets the 80% conditions and can save money sooner by requesting cancellation, waiting for automatic termination may result in avoidable payments.
The difference between 80% and 78% of a $400,000 original value is $8,000 of mortgage principal.
Depending on the interest rate and amortization schedule, paying down that additional amount through regular monthly payments can take time.
A properly submitted cancellation request is often worth investigating.
12. What is the midpoint termination rule?
The Homeowners Protection Act also establishes a final-termination provision.
For eligible loans, PMI generally must end by the first day of the month following the midpoint of the amortization period if it has not already ended, subject to the borrower being current.
For a conventional 30-year loan, the midpoint is ordinarily after fifteen years of the original term.
This safeguard can matter for mortgages with unusual amortization features, such as certain interest-only structures or balloon arrangements.
It does not mean every homeowner must wait fifteen years.
Many conventional PMI policies end earlier under the 80% or 78% rules.
13. Can a new appraisal remove PMI before 80% of original value?
Potentially, yes.
Mortgage investors and servicers may permit cancellation based on the home's current appraised or otherwise acceptable valuation.
This is a different process from the federal original-value 80% cancellation rule.
A homeowner who bought a home for $350,000 may now own a property worth $475,000.
The mortgage balance might remain above 80% of the original value while falling below the investor's permitted percentage of the current value.
However, an appraisal does not independently establish a federal right to immediate cancellation.
The servicer must apply the correct investor or lender eligibility requirements.
Ask whether the loan is owned or guaranteed by Fannie Mae, Freddie Mac or another investor.
14. Fannie Mae current-value cancellation thresholds
Under the published Fannie Mae framework for qualifying one-unit primary residences and second homes, current-value cancellation generally uses these LTV thresholds:
| Mortgage seasoning | Current-value LTV eligibility |
|---|---|
| Less than two years | Generally ineligible without a qualifying substantial-improvement exception |
| Two to five years | 75% or less |
| More than five years | 80% or less |
| Qualifying improvements that justify the exception | Potentially 80% or less, subject to applicable conditions |
Seasoning means the time the mortgage has been outstanding under the relevant rules.
Fannie Mae also applies specific requirements for payment history, valuation and property type.
Two-to-four-unit principal residences and investment properties can face stricter thresholds, including a 70% criterion under relevant provisions.
The table is not a universal rule for every conventional mortgage.
Ask the servicer which investor guide applies to the loan and whether any recent policy updates affect the review.
15. Freddie Mac current-value removal requirements
Freddie Mac's published single-family guidance also provides current-value borrower-requested PMI cancellation routes.
Its stated general thresholds for eligible mortgages include:
75% current-value LTV after two to five years.
80% current-value LTV after more than five years.
A possible exception to the two-year seasoning requirement where qualifying substantial improvements caused the appreciation, subject to the relevant rules.
Borrowers still need to satisfy the applicable payment, property and valuation conditions.
A lender or servicer may need to order an acceptable appraisal or other valuation.
Do not assume an online automated value estimate or self-ordered appraisal will be accepted.
16. Example: home appreciation makes PMI removal possible
Suppose a property originally cost $350,000.
The current mortgage principal is $290,000.
Using the original value:
$290,000 ÷ $350,000 = 82.86% LTV.
The homeowner has not reached 80% of original value.
Now suppose an acceptable current appraisal values the house at $400,000.
Current-value LTV becomes:
$290,000 ÷ $400,000 = 72.5%.
That falls below both 75% and 80% current-value thresholds used in certain investor scenarios.
If the loan meets the relevant age, property-type, payment-history and other conditions, the borrower may be eligible for removal.
But the new valuation must be accepted through the servicer's required process.
The homeowner should request an eligibility assessment before paying for an appraisal.
17. Can renovations help remove PMI?
Some investor rules provide a pathway for substantial home improvements that increase property value.
Qualifying improvements may include an addition or significant kitchen or bathroom renovation that increases marketability or extends useful life.
Ordinary maintenance does not necessarily qualify.
Painting, routine repairs or replacing worn fixtures should not automatically be presented as substantial improvements.
The servicer may request details about the work and order a valuation.
Keep permits, contractor invoices, before-and-after photographs and relevant completion records.
The important factor is not merely what the homeowner spent.
The investor's rules and acceptable property valuation determine eligibility.
18. Should you pay for an appraisal yourself?
Not before speaking with the mortgage servicer.
For a PMI cancellation request, the servicer or investor may require a specific valuation method and authorised provider.
A privately obtained appraisal may not satisfy the loan's requirements.
Ask the servicer:
Whether the loan supports current-value PMI cancellation.
Which LTV threshold applies.
Whether sufficient mortgage seasoning has passed.
Who orders the valuation.
What appraisal, broker-price-opinion or other approved method will be used.
What it costs.
Whether the fee is refundable if cancellation is denied.
How long the review is expected to take.
The fee should be assessed against the likely PMI savings.
19. Is an appraisal financially worthwhile?
Suppose PMI costs $160 per month.
Assume the servicer's accepted valuation process costs $450.
The simple savings break-even period is:
$450 ÷ $160 = 2.81 months.
If PMI is successfully cancelled, the valuation fee may be recovered through avoided payments in roughly three months.
If the valuation is insufficient, the borrower may still owe the valuation fee.
If automatic termination is only two months away, paying $450 to cancel early might not make financial sense.
The proper comparison is the cost of the valuation versus the PMI payments that could actually be avoided before coverage would otherwise terminate.
20. Can refinancing eliminate PMI?
Yes, in some circumstances.
A borrower may refinance a conventional mortgage into a new loan whose LTV is low enough that PMI is not required.
For example, a qualifying refinance with a loan balance of $300,000 and accepted property value of $400,000 produces 75% LTV.
That may support a new conventional mortgage without monthly borrower-paid PMI.
However, refinancing replaces the existing mortgage.
The new interest rate, term, closing costs and total debt structure can differ.
In 2026, some homeowners have existing first-mortgage rates far below current market offers.
Eliminating $150–$200 per month of PMI may not justify refinancing the entire mortgage at a substantially higher interest rate.
Compare total monthly payments and long-term costs before refinancing solely for insurance removal.
21. Example: PMI savings versus refinancing costs
Suppose a homeowner pays $175 monthly PMI.
Annual PMI cost: $2,100.
The homeowner receives a refinancing proposal with $6,000 of closing costs.
Ignoring any interest-rate or term difference, the simple fee recovery period is:
$6,000 ÷ $175 = 34.3 months.
That is nearly three years.
But this calculation is incomplete.
If the new mortgage rate increases, additional interest may overwhelm the PMI savings.
If the new rate falls substantially, refinancing may have a different financial result.
The borrower must model principal, interest, closing costs, remaining loan term and equity.
PMI savings alone are not a complete refinancing decision.
22. Conventional PMI and FHA MIP are different
A major mistake is using conventional-PMI rules for FHA loans.
Federal Housing Administration loans carry mortgage insurance under a different program.
For many FHA loans with case numbers assigned on or after June 3, 2013, annual mortgage insurance follows an 11-year or full-term structure based on the original loan-to-value ratio and applicable rules.
A common distinction is:
Original LTV of 90% or less: 11 years of annual MIP.
Original LTV above 90%: generally the mortgage term.
Older FHA loans can have different cancellation rules.
A borrower should obtain the FHA case-number assignment date and original loan terms.
Reaching 80% current LTV does not automatically establish a right to cancel modern FHA MIP.
Refinancing into an eligible conventional mortgage may be an option, but its complete cost must be assessed.
23. What about VA loans and lender-paid PMI?
VA loans generally do not follow the ordinary conventional monthly borrower-paid PMI structure.
They may involve a VA funding fee and other applicable loan terms.
Lender-paid mortgage insurance is another distinct arrangement.
When a lender pays the insurance premium, the borrower's financing cost may be reflected in the mortgage rate or other pricing.
The borrower cannot assume that ordinary borrower-paid PMI cancellation rights will remove that cost from the rate.
Refinancing might change the financing structure, but it also creates a new loan.
If the monthly statement does not clearly identify borrower-paid PMI, ask the servicer to explain the product before applying for cancellation.
24. Does PMI cancellation remove homeowners insurance?
No.
PMI is not the same as homeowners property insurance.
A mortgage contract may continue requiring homeowners hazard insurance even after private mortgage insurance has been cancelled.
Property taxes and other escrow items also remain payable.
After cancellation, the homeowner should verify that the PMI line item disappears from the payment breakdown.
The servicer may perform an escrow analysis or adjust the billing record.
Do not stop paying required homeowners insurance or taxes.
Mortgage PMI ending does not discharge the mortgage itself.
25. Step-by-step: request PMI cancellation
Step 1: Review your mortgage statement and confirm the charge is borrower-paid PMI.
Step 2: Contact the mortgage servicer for the applicable PMI cancellation disclosure and procedures.
Step 3: Confirm the loan's original value and current unpaid principal balance.
Step 4: Ask for the scheduled dates when the balance reaches 80% and 78% of original value.
Step 5: Determine whether you already qualify under the original-value route.
Step 6: If not, ask whether the investor allows current-value cancellation and which seasoning threshold applies.
Step 7: Check your payment history and any subordinate liens.
Step 8: Obtain written instructions for appraisal or valuation if required.
Step 9: Submit a written original-value cancellation request or the appropriate current-value request under the servicer's process.
Step 10: Preserve the request, documents and confirmation number.
Step 11: Review the servicer's written approval or denial.
Step 12: After approval, confirm the removal date and updated payment statement.
For federal 80% cancellation, the written request requirement is particularly important.
26. What if the servicer denies the request?
Ask for the reason in writing.
Possible issues include:
The mortgage balance has not reached the qualifying threshold.
The applicable payment-history requirement has not been met.
The mortgage is delinquent.
A junior lien affects eligibility.
The current value is insufficient.
The seasoning period has not elapsed.
The loan uses a different mortgage insurance structure.
The request did not meet documentation requirements.
If the reason is unclear, ask the servicer to identify the controlling federal, investor or contractual provision.
Fannie Mae's applicable servicing rules include notification requirements concerning denial and valuation results.
If the servicer incorrectly applies the statutory 80% or 78% rules, consider escalating the complaint.
27. What if PMI should have terminated automatically?
First verify the applicable scheduled 78% termination date.
Do not calculate this date solely by dividing today's actual balance by the original property value.
Request the original or applicable amortization schedule and PMI termination information.
Check whether the mortgage was current at the relevant time.
If it appears the servicer continued charging PMI after the legally required termination date, request a written account review and correction.
The Homeowners Protection Act addresses refunding unearned premiums.
CFPB compliance guidance also addresses servicer errors involving PMI cancellation and termination.
Preserve the mortgage statements and communications.
A suspected servicing error should be documented rather than addressed by withholding the entire mortgage payment.
28. Where to file a complaint
Start with the mortgage servicer's official complaint or error-resolution process.
Explain the cancellation route being requested and provide the relevant loan balance, original value, payment history and dates.
If the issue is not resolved, the Consumer Financial Protection Bureau accepts consumer complaints involving mortgage servicing.
Official CFPB website:
https://www.consumerfinance.gov/complaint/
Borrowers can also seek help from a HUD-approved housing counseling agency.
Use official consumer channels rather than paying a third party that guarantees PMI removal.
The servicer and investor determine eligibility under the applicable rules.
29. Common PMI removal mistakes
Mistake 1: Assuming 80% means PMI ends automatically.
Mistake 2: Assuming 78% applies to today's actual balance after extra payments.
Mistake 3: Using the latest online home-price estimate for the federal original-value rule.
Mistake 4: Ordering an appraisal without confirming the servicer will accept it.
Mistake 5: Treating Fannie Mae's current-value thresholds as universal law.
Mistake 6: Ignoring the mortgage's age and payment history.
Mistake 7: Forgetting an outstanding second mortgage or HELOC.
Mistake 8: Assuming FHA MIP follows conventional PMI cancellation rules.
Mistake 9: Refinancing at a substantially worse interest rate solely to avoid a small PMI premium.
Mistake 10: Failing to verify that PMI was actually removed from the next mortgage statement.
30. PMI removal decision table
| Homeowner situation | First option to investigate |
|---|---|
| Balance is 80% or less of original value | Written borrower-requested cancellation |
| Loan has reached scheduled 78% date | Confirm automatic termination |
| Loan still has PMI beyond midpoint | Check final-termination eligibility |
| Home appreciated substantially | Current-value investor cancellation |
| Home substantially improved | Investor's improvement-based exception |
| Mortgage has recent late payments | Review payment-history eligibility |
| FHA loan originated under newer MIP rules | Check FHA insurance term and refinancing economics |
| Existing mortgage rate is unusually low | Consider cancellation without refinancing first |
| New conventional refinance offers materially better total economics | Compare refinancing including closing costs |
| PMI continues after required termination | Request servicing correction and consider CFPB complaint |
31. Final homeowner checklist
Before spending money on an appraisal or refinance:
Confirm the mortgage is conventional borrower-paid PMI.
Obtain the original value used for PMI calculations.
Check the current principal balance.
Locate the PMI disclosure and amortization schedule.
Calculate the original-value 80% threshold.
Confirm the scheduled 78% date.
Check the loan's payment history.
Identify any second mortgage or HELOC.
Ask the servicer which investor owns or guarantees the loan.
Review current-value cancellation eligibility.
Confirm mortgage seasoning and property type.
Ask which valuation methods are accepted.
Obtain valuation fees in writing.
Compare likely savings with valuation cost.
Compare refinancing only using complete new-loan costs.
Submit the appropriate documented request.
Confirm PMI removal on the mortgage statement.
Retain approval, refund and account-adjustment records.
Conclusion: know which PMI threshold applies before paying for a refinance
Many American homeowners can remove borrower-paid private mortgage insurance without replacing their existing mortgage.
For eligible conventional mortgages, 80% of original value generally provides a borrower-requested cancellation pathway.
The scheduled 78% threshold provides an automatic-termination backstop.
Investor rules may also provide earlier cancellation based on current property value or qualifying home improvements.
However, these routes have different requirements.
An appraisal can support a current-value review, but it is not an automatic approval.
FHA mortgage insurance follows different rules.
And refinancing simply to eliminate PMI may be costly when the existing mortgage rate is considerably below current rates.
The most effective first step is to ask your mortgage servicer for your original-value PMI thresholds, scheduled termination date and any current-value cancellation options available on your specific loan.
FREQUENTLY ASKED QUESTIONS
1. Can I remove PMI when my mortgage reaches 80% LTV, or must I wait until 78%?
For many eligible conventional mortgages, you can request PMI cancellation in writing when the outstanding principal reaches 80% of the home's original value, provided you meet the payment-history, current-payment, subordinate-lien and property-value requirements. The 78% rule is generally an automatic-termination requirement based on the scheduled mortgage balance, provided the loan is current. You do not necessarily need to wait until 78% if you qualify for borrower-requested cancellation at 80%. These federal rules do not apply identically to FHA mortgage insurance.
2. Can a new appraisal remove PMI if my home's value has increased?
Possibly. For eligible one-unit principal residences and second homes under published Fannie Mae and Freddie Mac rules, current-value cancellation generally requires an LTV of 75% or less when the loan is two to five years old, or 80% or less when it is more than five years old. Qualifying substantial improvements can provide an exception to the normal seasoning requirement. Payment history, property type and other conditions still apply. Contact the mortgage servicer before ordering an appraisal because it may require a particular valuation process.
3. Is refinancing the only way to remove FHA mortgage insurance or PMI?
No. Eligible conventional borrower-paid PMI can often be removed without refinancing through the federal original-value cancellation or termination rules, or through investor-specific current-value options. FHA mortgage insurance is different. For many FHA loans with case numbers assigned on or after June 3, 2013, annual MIP generally lasts 11 years when original LTV was 90% or less and for the mortgage term when original LTV exceeded 90%. Refinancing into a qualifying conventional loan may eliminate ongoing FHA MIP, but the new rate, closing costs, monthly payment and total interest must be compared first.
VERIFIED OFFICIAL SOURCES
1. Consumer Financial Protection Bureau — When Can I Remove PMI From My Loan?
Last reviewed August 28, 2026.
2. CFPB — What Is Private Mortgage Insurance?
https://www.consumerfinance.gov/ask-cfpb/what-is-private-mortgage-insurance-en-122/
3. CFPB — Homeowners Protection Act Examination Procedures
4. CFPB — PMI Cancellation and Termination Compliance Bulletin
5. Fannie Mae — Servicing Guide: Termination of Conventional Mortgage Insurance
https://servicing-guide.fanniemae.com/svc/b-8.1-04/termination-conventional-mortgage-insurance
6. Fannie Mae — Servicing Policy Communications and 2026 Updates
https://singlefamily.fanniemae.com/servicing-policy-communications
7. Freddie Mac — Single-Family PMI Handbook
https://capitalmarkets.freddiemac.com/crt/docs/pdfs/pmi-handbook.pdf
8. Freddie Mac — Seller/Servicer Guide
9. U.S. Department of Housing and Urban Development — FHA Mortgage Insurance Premiums
https://www.hud.gov/program_offices/housing/comp/premiums/premhome
10. CFPB — Submit a Consumer Complaint
https://www.consumerfinance.gov/complaint/
Legal, financial and editorial disclaimer: This guide reflects official resources checked October 21, 2026. The 80% and 78% federal PMI provisions apply to eligible loans under the Homeowners Protection Act and may have exceptions. Fannie Mae and Freddie Mac current-value policies are investor-specific and may be revised. FHA MIP, VA loans, lender-paid mortgage insurance, investment properties, modified loans and other transactions may follow different rules. The dollar figures are illustrative calculations rather than lender quotations. Contact your mortgage servicer to establish the controlling requirements for your loan.
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