Remove PMI

Private Mortgage Insurance (PMI) is insurance that protects the lender in case an owner should default on their home. PMI is required for buyers who get a conventional mortgage and make a down payment of less than 20%. Once the homeowner has an equity position of more than 20% the PMI can be removed with lender approval. Upon request, lenders will do a home valuation to determine if the PMI can be removed.

The cost of PMI for a conventional home loan averages 0.58% to 1.86% of the original loan amount per year.

If the borrower has an FHA loan, they can refinance into a Conventional loan once they’ve gained enough equity to help get rid of the PMI.


Contact me at by text (505) 350-8184 for more information on our Trusted Lender.

Do You Have Enough Equity?

Click Here to find out!

Newest Listings Albuquerque

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9 Sandia Heights Drive Ne, Albuquerque

$1,800,000

9 Sandia Heights Drive Ne, Albuquerque

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1002 Madison Street Ne, Albuquerque

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1002 Madison Street Ne, Albuquerque

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2205 Via Madrid Court Nw, Albuquerque

$699,900

2205 Via Madrid Court Nw, Albuquerque

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5410 Cresswell Road Sw, Albuquerque

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5410 Cresswell Road Sw, Albuquerque

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$530,000

8608 Sandwater Road Nw, Albuquerque

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4528 Acapulco Drive Ne, Albuquerque

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$440,000

2120 Violet Street Sw, Albuquerque

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3300 Tennessee Street Ne, Albuquerque

$440,000

3300 Tennessee Street Ne, Albuquerque

4 Beds 3 Baths 2,023 SqFt Residential MLS® # 1065662

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6327 Driscoll Avenue Ne, Albuquerque

$430,000

6327 Driscoll Avenue Ne, Albuquerque

3 Beds 2 Baths 1,670 SqFt Residential MLS® # 1065678

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3339 Central Avenue Ne 310, Albuquerque

$429,000

3339 Central Avenue Ne 310, Albuquerque

2 Beds 3 Baths 1,700 SqFt Residential MLS® # 1065647

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9515 Akutan Court Nw, Albuquerque

$399,000

9515 Akutan Court Nw, Albuquerque

4 Beds 3 Baths 3,005 SqFt Residential MLS® # 1065659

Realty One of New Mexico

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7701 Calhoun Drive Ne, Albuquerque

$389,000

7701 Calhoun Drive Ne, Albuquerque

3 Beds 2 Baths 1,484 SqFt Residential MLS® # 1064876

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604 Red Bluff Avenue Sw, Albuquerque

$339,000

604 Red Bluff Avenue Sw, Albuquerque

3 Beds 3 Baths 1,984 SqFt Residential MLS® # 1065674

Realty One of New Mexico

New
2427 Pomelo Place Nw, Albuquerque

$289,900

2427 Pomelo Place Nw, Albuquerque

3 Beds 2 Baths 1,192 SqFt Residential MLS® # 1065684

The Maez Group

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$285,000

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4 Beds 2 Baths 1,563 SqFt Residential MLS® # 1065677

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401 Jane Street Ne, Albuquerque

$267,900

401 Jane Street Ne, Albuquerque

3 Beds 2 Baths 1,088 SqFt Residential MLS® # 1065681

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$265,000

4925 Osuna Place Ne, Albuquerque

2 Beds 2 Baths 1,224 SqFt Residential MLS® # 1065675

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$200,000

1447 Mora Road Sw, Albuquerque

2 Beds 1 Bath 1,052 SqFt Residential MLS® # 1064084

Realty One of New Mexico

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