PMI Removal Appraisals in Sacramento, CA

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If you’re a Sacramento homeowner paying Private Mortgage Insurance (PMI), you might be eager to remove this extra expense from your monthly mortgage payments.

PMI can be a significant financial burden, especially when you’ve worked hard to build equity in your home. At Sacramento Valley Appraisal, we understand the importance of reducing your monthly expenses and are here to assist you in the PMI removal process.

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Steve Cooper

Our Real Estate Appraisal Services in Sacramento, CA

Divorce Appraisal

Estate & Date Of Death

PMI Removal

Prelisting & FSBO

Tax & Bankruptcy

Hard Money Loans

What is PMI and Why Do You Have It?

Private Mortgage Insurance (PMI) is an insurance policy that protects your lender in case you default on your mortgage.

Typically, PMI is required if you put down less than 20% of the home’s purchase price. While this insurance allows you to buy a home with a smaller down payment, it also means an additional cost each month that does not contribute to your home’s equity.

Talk To Sacramento Hard Money Loan Appraisal

Contact us today to schedule your Sacramento Divorce appraisal. Let Sacramento Valley Appraisal help you navigate the appraisal process with confidence and clarity.

Call Now - 916-254-2710

When Can You Remove PMI?

The good news is that you don’t have to pay PMI forever. There are specific conditions under which PMI can be removed:

When Your Loan-to-Value (LTV) Ratio Reaches 80%:
  1. Once you have 20% equity in your home, you can request PMI removal. This usually happens through appreciation in your home’s value or through paying down the principal balance of your mortgage.
Home Value Increases:

If the value of your home has increased significantly, you might reach the 20% equity threshold sooner than you anticipated.

Loan Payments and Refinancing:

 If you’ve been paying your mortgage consistently and have made significant principal payments, or if you refinance your mortgage and achieve a new loan-to-value ratio of 80% or lower, you can qualify for PMI removal.

How Sacramento Valley Appraisal Can Assist?

To remove PMI, you’ll need to prove to your lender that your home’s value has increased or that you have paid down your mortgage balance sufficiently.

This is where Sacramento Valley Appraisal comes in. Our experienced appraisers can provide a professional appraisal that will support your request for PMI removal.

Our PMI Removal Process in Sacramento

  1. Contact Us: Reach out to Sacramento Valley Appraisal at 916-254-2710. Our friendly team will guide you through the process and help you understand what information you’ll need to provide.
  2. Schedule an Appraisal: We’ll set up a convenient time to assess your home. Our appraisers are skilled in evaluating local Sacramento real estate, ensuring an accurate and thorough appraisal.
  3. Receive Your Appraisal Report: After the appraisal, you’ll receive a detailed report outlining your home’s current market value. This report will be a crucial component in your PMI removal application.
  4. Submit Your Report to Your Lender: Once you have the appraisal report, you’ll submit it to your lender along with any other required documentation to request PMI removal.
  5. Follow Up: We can assist you with any follow-up questions or additional information your lender might require.

Why Choose Sacramento Valley Appraisal?

At Sacramento Valley Appraisal, we pride ourselves on our comprehensive knowledge of the Sacramento real estate market. Our appraisers are not only certified but also experienced in providing accurate, reliable valuations. We understand that removing PMI can have a significant impact on your finances, and we’re committed to providing you with the highest level of service and support throughout the process.

Whether you’re seeking to remove PMI, refinance your mortgage, or simply get a current value on your home, Sacramento Valley Appraisal is here to help. Our commitment to excellence and customer satisfaction sets us apart in the Sacramento area.

Our Pricing

We offer flat rates of only $300 to all first time appraisal customers.

Our Reviews

{Not only are Residential Appraisals cost flexible, but we also found Steve to be very quick to return phone calls and quick to get us our appraisals back. If for any reason there was a discrepancy with our request, Steve made sure to contact us immediately so the issue would not escalate. The review department here at Financial Asset Services feel very comfortable working with Steve because he is a responsible appraiser who knows the market and knows the importance of communication in the appraisal process. I would recommend Residential Appraisals to anyone who would take my recommendation.
mystery person
5
Jesse Montgomery
{Steve from Sacramento Valley Appraisal was the consummate professional. Steve squeezed me into his schedule in a very short amount of time (a week out from Christmas), was extremely fair in his pricing, and performed the appraisal with great customer service and tact. I will be recommending Steve to all of my family members and friends who need appraisal services. Thank you Steve for your work!
5
Nick Avante
{I used Sacramento Valley Appraisals for a home appraisal, and he did a very thorough job within the time frame that I expected. My recommendations to him and his company.
5
Nathalie Lane
{Steve Cooper was able to perform two appraisals of an inherited property. One appraisal was for a "date of death" and the other for the current values 11 months later. Steve negotiated a fair price from our rather detail-particular attorney and quickly went about the assessment process. Apparently, the discussion with the attorney was quite lengthy (as I have also found). His assessment write-up(s) were quite professional and apparently satisfied our picky attorney. Due to holidays and our attorney's personal issues, a timely payment was not issued to Steve. He was patient and understanding about the non-payment problem. We were able to work out an alternate payment method and the whole matter was satisfactory concluded. His work is recommended by us.
5
Gary D.

Our Appraisal Consultation Process:

Step 1:
Call In For A Free Appraisal Consultation

Call in to discuss your home appraisal needs with senior appraiser Steve Cooper. During the conversation we’ll discuss the purpose for your appraisal, go over options & answer any questions you may have.

    Step 2:
    If You Decide To Order The Appraisal

    We will immediately get to work on your appraisal & keep you updated throughout the process. Appraisals are generally completed within 72 hours. Call now, let’s discuss your home appraisal needs.

      Talk To Sacramento Hard Money Loan Appraisal

      Contact us today to schedule your Sacramento Divorce appraisal. Let Sacramento Valley Appraisal help you navigate the appraisal process with confidence and clarity.

      Call Now - 916-254-2710

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