For homeowners

Stop paying PMI once you have enough equity

Homeowners can often stop paying PMI at 80 percent loan to value, or earlier if automatic termination or midpoint final termination applies. Check eligibility in minutes.

Step 1. Run the free check

Enter your current balance, estimated home value, original loan date, loan type, property type, and whether you still pay PMI. No credit check. We do not contact your servicer. You will see whether a cancellation request is worth sending before you pay anything.

Step 2. Gather a few documents

You need a recent loan statement and your loan number. Closing papers help if you are using original value. If you are using a higher current value, you may need an appraisal later.

Step 3. Get the letter only if you want it

If the result is yes, choose your servicer and pay $79 for a filled cancellation packet. It includes the letter, sending instructions, and a checklist. Optional recast language is available if you are not there yet. Packet fees are generally not refundable after the PDF is emailed, except where required by law.

Step 4. Sign and send

You sign the PDF and send it by certified mail, fax, or the servicer portal. Confirm the address on your statement. We do not mail the letter.

Step 5. Watch the next statements

If they approve, confirm PMI drops off. If they deny, get the reason in writing. The free check is not a promise that PMI will stop.

Common questions

Run the free check. It applies Homeowners Protection Act tests to the numbers you enter. You pay $79 only if you want the finished letter.

The check takes a few loan facts. The servicer’s decision takes longer, often weeks. We do not control that clock.

Ask for a written reason. Payment history, a second lien, or a drop in value are common. A CFPB complaint is a later option, not a guarantee they will reverse. We do not file it for you.

Related guides

Check my eligibility

Last updated: September 14, 2026