Remove Your PMI with Accurate Home Appraisals

What Is PMI, and When Can You Remove It?

Private Mortgage Insurance (PMI) is typically added to your mortgage when you buy a home with less than 20% down. While PMI protects the lender in case of default, the cost falls entirely on you. It often adds hundreds of dollars to your monthly payment, and for many homeowners, it lingers well after it’s needed.

Once your home reaches a certain equity threshold—usually when you own at least 20% of its current value—you can request to have PMI removed. But to prove your equity, most lenders require a formal home appraisal conducted by a certified professional. That’s where we come in.

How an Appraisal Helps Remove PMI

Your lender needs to be sure that your home’s current market value supports the removal of PMI. Automated models or public records often don’t reflect real market conditions, especially in neighborhoods where values have risen quickly or where you’ve made significant improvements.

A professional appraisal from Irvine Appraising Company offers a lender-compliant, unbiased opinion of value. We assess your home’s current condition, recent upgrades, local comparable sales, and broader market trends. The result is a clear, well-supported valuation that helps your lender determine whether you’ve crossed the equity threshold needed to cancel PMI.

Local Knowledge That Works in Your Favor

Real estate markets across Utah are changing fast. Whether you're in Salt Lake City, Herriman, Tooele, Saratoga Springs, or anywhere along the Wasatch Front, you’ve likely seen property values rise over the past few years. But these changes don't always show up in county records or automated valuations.

Our appraisers live and work in these markets every day. We know the nuances between similar homes in different neighborhoods, how buyer demand affects value, and how recent renovations should be weighed in your favor. That kind of local context can make a real difference when you're trying to show your home is worth more than your lender thinks it is.

What to Expect from the PMI Removal Appraisal Process

The process starts with a conversation about your home and your goals. We'll schedule an in-person inspection, where one of our certified appraisers will walk through the home, noting its condition, features, layout, and any recent upgrades. After that, we research comparable sales, neighborhood trends, and market data to build an accurate, defensible opinion of value.

The final report is written clearly and professionally, making it easy for your lender to review. If your home qualifies, this single step could lead to long-term monthly savings and a faster path to building equity.

Why Choose Irvine Appraising Company?

We’ve been providing residential appraisals across Salt Lake County, Utah County, Tooele County, and surrounding areas for over 20 years. Our team is fully licensed, impartial, and experienced in working with lenders, homeowners, and mortgage professionals. We approach every assignment with professionalism, care, and a deep understanding of local market conditions.

Unlike automated valuations or one-size-fits-all online tools, our appraisals are grounded in local insight and tailored to your specific property. We take the time to understand what makes your home unique—and how that affects value.

Start Saving on Your Mortgage

If you suspect your home has appreciated or you’ve made improvements that boost its value, it may be time to request PMI removal. A professional appraisal is often the first—and most important—step in that process.

Reach out to Irvine Appraising Company today to schedule your PMI removal appraisal and find out whether you're eligible to reduce your monthly mortgage payment. We're here to help you take that next step toward long-term savings and financial clarity.