If my home value increased, what's the standard process to request PMI removal based on appraisal?

How do I request PMI removal after my home value increased?

You want to request PMI removal based on your home's increased value and need to know the standard process lenders use.

Most lenders require you to request PMI removal in writing once your loan balance drops to 80% of the home's current value. The process typically starts with contacting your loan servicer to ask about their specific requirements. Many lenders require a new appraisal to confirm the current market value, though some accept automated valuation models or broker price opinions depending on your loan age and payment history.

Check your loan documents for PMI removal requirements, including minimum seasoning periods (commonly 12-24 months of payments) and whether you need to be current on payments. Look at your most recent mortgage statement to calculate your current loan-to-value ratio using your estimated home value.

Common paths include requesting removal through your servicer's online portal, calling their customer service line, or sending a written request by mail. Your servicer can walk you through their specific documentation requirements and appraisal ordering process. Some lenders handle appraisal scheduling directly, while others require you to order from their approved appraiser list.