Your roadmap to dropping private mortgage insurance
PMI on second homes
Your next move
Automatic and requested cancellation rules apply to most loans, but investors may set stricter requirements for second homes and rentals, such as a lower loan-to-value or longer wait. Ask your servicer which requirements apply to your occupancy type.
Last reviewed against the primary sources listed below.
Ask about
- Required loan-to-value.
- Waiting period.
- Appraisal requirements.
PMI questions on the road
Can I remove PMI on a rental property?
Possibly, under stricter investor rules.
Do PMI rules differ for second homes?
They can; ask your servicer.