What Is a PMI Removal Appraisal?

A PMI Removal Appraisal is a lender-compliant home valuation used to determine whether you have reached the required equity to eliminate your PMI.

Most lenders allow PMI removal once:

• You reach 20% equity in your home, and

• You provide an independent appraisal confirming your home’s current market value

 

This appraisal must be performed by a state-certified residential appraiser and meet all lender standards—something Team Appraisal specializes in.

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Why Homeowners Request PMI Removal Appraisals

A PMI Removal Appraisal can help if:

• Your home value increased due to market appreciation

• You made updates or improvements to the property

• Your equity reached 20% or more earlier than scheduled

• You want to reduce your monthly mortgage payment

• You recently bought a home in a rapidly growing market

 

Even a modest value increase can qualify you for PMI removal, potentially saving $1,000–$2,500 per year.

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What’s Included in Our PMI Removal Appraisal

Team Appraisal provides a clear, accurate, and lender-ready appraisal report containing:

• Market value analysis based on recent comparable sales

• Adjustments for home features, upgrades, and condition

• High-quality photos and property documentation

• Neighborhood and market trend analysis

• Full USPAP-compliant valuation

• Quick turnaround times to accelerate your PMI removal

We ensure your appraisal meets the specific requirements of your mortgage lender or loan servicer.

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Benefits of Removing PMI

Removing PMI can:

• Lower your monthly mortgage payment

• Reduce long-term loan costs

• Increase your financial flexibility

• Free up money for savings, home improvements, or investment

 

A professional appraisal is often the quickest and most affordable way to verify your equity and remove PMI early.