PMI Removal Appraisals in Northern Virginia, Maryland and Washington DC

Think your home may have enough equity to request PMI cancellation?

PMI cancellation rules depend on the loan, payment history, ownership period, property improvements, and the loan servicer's process. Start by asking the servicer what requirements apply to your loan.

When the servicer permits a borrower-ordered appraisal, an independent appraisal can document current market value for the cancellation request. The lender or servicer decides whether the request qualifies, so no appraiser can promise PMI cancellation.

Start With Your Loan Servicer's Requirements

Ask the servicer to confirm the required ownership period, loan-to-value threshold, payment-history rules, acceptable appraisal process, and whether substantial improvements affect the request.

Ownership Period: The required ownership period varies. Use the loan servicer's current written requirements.

Loan-to-Value Threshold: Ask the loan servicer which threshold applies and how current market value must be established.

Optional Preliminary Market Check

Before you order an appraisal, I can review recent public sales near the property and discuss whether a full appraisal appears reasonable. This preliminary check is not an appraisal, does not establish market value, and cannot determine PMI eligibility.

For the preliminary market check, provide the property address and current loan balance. The information supports only a rough loan-to-value discussion. You decide whether to order the $595 appraisal after reviewing the servicer's requirements.

Appraisal Fee and Possible Savings

The appraisal fee is $595. Any savings depend on the existing PMI payment and the loan servicer's decision. Ordering an appraisal does not guarantee cancellation, approval, or a particular amount of savings.

Three-Step PMI Appraisal Request Process

1. Confirm the requirements: Ask the loan servicer for its current PMI cancellation rules and acceptable appraisal process.
2. Request the preliminary market check: Provide the property address and current loan balance if you want a rough discussion before ordering.
3. Order the appraisal when appropriate: I inspect the property and prepare the appraisal. Most reports are completed in 5 to 7 days after the inspection. The loan servicer makes the final cancellation decision.

Use the form below to ask about a PMI removal appraisal.

Please include in the Message/Notes box:

• Your name, email address, and phone number
• The property address
• The current loan balance, if you want a preliminary loan-to-value discussion
• Recent improvements, renovations, or additions made since purchasing the property