When does PMI go away?

The short answer

PMI can end when you qualify to cancel it or when your loan reaches its set date for PMI to end. You may need to ask in writing. Start with the dates in your loan papers. Do not stop paying on your own. The rules depend on your loan and whether your payments are up to date.

Where do I find my cancellation date?

The Consumer Financial Protection Bureau (CFPB) says the first date you can request cancellation should be on your PMI disclosure formthe first date you can request cancellation should be on your PMI disclosure formWhere to find the PMI cancellation request dateConsumer Financial Protection BureauRequesting cancellationVerified Nov 13, 2026. If you cannot find it, ask your servicer, the company that handles your mortgage payments.

Keep the request date separate from the automatic end date. The CFPB explains that these use different balance thresholds tied to the home’s original value. They are not simply dates you choose after checking a home price website.

Ask your servicer to identify each date for your loan. Also ask which value it uses. Under the CFPB’s rules, original value generally means the lower of the purchase price or appraised value at purchase. For a refinanced loan, it means the appraised value when you refinanced.

What should I send with a request?

Reaching the request date is not the only test. The CFPB lists a written request, a good payment record, current payments, no junior liens, and evidence that the home's value has not declineda written request, a good payment record, current payments, no junior liens, and evidence that the home's value has not declinedConditions for borrower-requested PMI cancellationConsumer Financial Protection BureauCriteria for granting a cancellation requestVerified Nov 13, 2026 as conditions for cancellation under this rule.

Use this checklist before you send the request:

• Find your PMI disclosure or ask for a copy.
• Ask which cancellation rule applies to your loan.
• Ask what proof of home value the servicer accepts before ordering an appraisal.
• Check whether another mortgage or lien affects your eligibility.
• Keep your written request and the servicer’s reply together.

If you have paid extra toward your loan balance, ask whether you qualify before the scheduled request date. If the answer is no, ask which condition remains unmet. This gives you a specific issue to resolve rather than another general request to remove PMI.

Will PMI end without a request?

In general, automatic termination follows the original loan schedule. The CFPB says you must be current on payments for PMI to end on the automatic termination dateyou must be current on payments for PMI to end on the automatic termination dateCurrent payments required for scheduled automatic PMI terminationConsumer Financial Protection BureauAutomatic cancellationVerified Nov 13, 2026. Late payments can delay it.

Keep paying as billed while you get confirmation of a change. PMI is not protection against missed payments. The CFPB explains that PMI protects the lender, not you, if you stop making loan paymentsPMI protects the lender, not you, if you stop making loan paymentsWhom PMI protectsConsumer Financial Protection BureauDefinitionVerified Nov 13, 2026.

Do these rules cover every mortgage?

No. The CFPB says FHA and VA loans have different requirements. Different rules also apply when the lender pays for mortgage insurance. Loan investors may offer cancellation options beyond the legal rules described here.

Before using this checklist, confirm your loan type and who pays for the insurance. Ask your servicer to explain the rule it is applying to your loan in writing.