Mortgage insurance protects the investor or noteholder if the borrower defaults on the loan. It lowers the investor’s risk when funding a home loan. In most cases, if you pay at least 20% down on your home, you’re not required to carry mortgage insurance.

Learn how to file an insurance claim, apply for mortgage assistance, and register for disaster assistance after a disas... For insurance questions, you can reach our Insurance department at 866⁠-825⁠-9267 or our Loss Draft department at 866⁠-825⁠-9302.

To discuss your specific requirements for requesting PMI cancellation, please contact us. Important: Cancellation requests by mail must include an explicit request to cancel PMI, your loan number, the date, and the signatures of all borrowers.

Private mortgage insurance (PMI) can help borrowers qualify for a loan that they might not otherwise be able to get. Whether or not you need it will likely depend on your down payment — the amount of money you are able to pay for a house in cash upfront.

We found more than 100 results for your search. If you put down less than 20% on a conventional loan, you may need to carry private mortgage insurance, also known as PMI. What is mortgage insurance ( PMI / MIP) and how to request removal. The requirements to remove MIP are complex an...

Removing PMI If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%. It can be called Private Mortgage Insurance ( PMI) or Mortgage Insurance Premium ( MIP ).

We found more than 100 results for your search. However, you can submit a request for early cancellation of PMI before the automatic termination date. Your property must reach at least 20% equity—or 80% LTV—to be eligible for an early cancellation.; Also, other conditions may apply t...

Chat is available 24/7 with instant support for your mortgage & account needs. We found more than 100 results for your search. What is mortgage insurance? If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 7...

What is an escrow account? An escrow account is where funds are held to pay property tax and insurance bills on your behalf. If your loan is escrowed, a part of your mortgage payment goes into your escrow account every month. When will you analyze my escrow account?

How do I get rid of PMI?The requirements to remove MIP are complex and depend upon multiple factors and scenarios wh... Removing PMI.If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%.