How to Request PMI Cancellation

Quick answer

Request PMI cancellation in writing as soon as your estimated loan‑to‑value (LTV) reaches about 80% (based on the original value or a lender‑approved appraisal). Include your loan number, current balance evidence, and a clear request for PMI review. Expect the servicer to confirm required documents and timeline in writing.

When to request PMI cancellation

• Your current balance is roughly 80% of the original purchase price (or lower, if you have an appraisal). Check typical timelines by down payment.
• You have paid on time and have no active delinquencies. Review lender requirements by state.
• Your servicer's policy allows borrower‑requested cancellation (common for conventional loans). See state-specific rules and processes.

Before you send the request

1. Confirm current principal balance from your mortgage statement.
2. Estimate LTV using original purchase price or order an appraisal if you believe your home has appreciated. Use our PMI calculator to model LTV.
3. Gather payment history proof and any supporting valuation documents. Use our checklist to prepare required documents.
4. Decide preferred delivery method (servicer portal, certified mail, or email) and keep proof of delivery.

What to include in your PMI cancellation request

• Borrower name(s), property address, and loan number.
• Statement: "I request cancellation of private mortgage insurance (PMI) on Loan #[XXXXXX]."
• Current mortgage statement showing principal balance and payment status.
• Evidence of home value if available (appraisal, tax assessment, comparable sales).
• Preferred contact and request for written confirmation of next steps and timeline.

Sample request language

Subject: PMI Cancellation Request — Loan #[Loan Number]

To whom it may concern,

I am requesting cancellation of private mortgage insurance (PMI) on the above‑referenced mortgage loan. Based on my current loan balance of [current balance] and the original purchase price of [original price], the loan now has an estimated LTV of approximately [LTV]%. Please advise what documentation you require (appraisal, payment history, etc.) and provide written confirmation of your process and timeline.

Please confirm receipt of this request and any next steps in writing.

Sincerely,
[Your Name]

If the servicer asks for an appraisal

Many servicers request a lender‑approved appraisal to confirm current market value. Shop for a qualified appraiser if needed and confirm the servicer’s appraisal requirements ahead of time (order through the servicer if they require it). An appraisal showing appreciation is often the fastest way to prove you meet the 80% threshold.

Handling common servicer responses

• Request acknowledged but appraisal required: Ask for the servicer’s appraisal guidance and timeline; provide a timeframe for when you'll submit it.
• Denial due to missing payments: Request clear steps to reapply once your payment record is current.
• Conflicting LTV math: Provide your balance statement and request the servicer's calculation method in writing.

Follow-up timeline and sample follow-up message

Wait 10 business days for an initial acknowledgment. If you don't receive a timely response, use this script:

"I submitted a PMI cancellation request for Loan #[Loan Number] on [Date]. Please confirm status, required documents, and expected decision date in writing."

Checklist to send with your request

1. Cover letter or email with the sample request language above.
2. Recent mortgage statement showing current balance.
3. Proof of on‑time payments (if available or requested).
4. Appraisal or valuation documents (if you already have one).
5. Return envelope with address or confirmation of portal/email delivery.

Related tools and guides

• PMI Calculator
• PMI Cancellation Letter Template
• How Long Do You Have to Pay PMI?
• How to Get Rid of PMI?

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