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PMI Removal Appraisals
Remove PMI with an appraisal from Anderson Appraisals
Private Mortgage Insurance (PMI) is often required by lenders when a borrower’s down payment is less than 20% of the home’s value. While PMI protects the lender, it can be a costly monthly expense for homeowners. The good news: once you have built enough equity in your home, you may be eligible to remove PMI—and a professional appraisal is usually the key step in the process.
A certified real estate appraisal provides your lender with an accurate, current evaluation of your home’s fair market value. In North Idaho, property values have changed significantly in recent years due to market appreciation and demand for homes in areas like Coeur d’Alene, Hayden, Sandpoint, Rathdrum, and Post Falls. An updated appraisal may show that you’ve already reached the equity needed to eliminate PMI. Removing this extra cost can save homeowners thousands of dollars over the life of a loan.
At Anderson Appraisals, we specialize in providing trusted real estate evaluations throughout North Idaho. Our certified appraisers understand lender requirements and prepare detailed, defensible reports to support your PMI removal request. With over 20 years of appraisal experience in North Idaho, we deliver accurate valuations that homeowners, lenders, and financial professionals can rely on.
If you own a home in Kootenai, Bonner, Boundary, or Shoshone County, we’re here to help you take the next step toward lowering your monthly mortgage costs.
Contact Anderson Appraisals today to schedule your PMI removal appraisal in North Idaho and start saving.
