PMI Removal

A PMI Removal Appraisal is a property valuation conducted to determine whether a homeowner has reached sufficient equity in their home to cancel Private Mortgage Insurance (PMI). Lenders typically require the home’s current market value to confirm that the loan-to-value (LTV) ratio has dropped to the required threshold (often 80% or lower). The appraiser evaluates the property’s condition, size, features, and comparable sales to provide an accurate, up-to-date value for PMI removal.