In order for  cancellation of your mortgage insurance (MI) to be considered, you will need to submit your request in writing and meet the following criteria: 

Cancellation Based on the Original Value (subject to confirmation value has not decreased):
• Loan-to-value (LTV) requirement: 80.0% (70.0% if subordinate liens other than CalHFA or Local CalHFA Partners subordinate loan(s) created at closing are present)
• Provide a current title search or property profile
• Loan is at least 2 years old
• Payment record: No payment 30 days or more past due in the last 12 months and no payment 60 days or more past due in the past 24 months. (Beginning with your 1st payment to CalHFA)
• Occupancy status: Must be owner occupied
• Appraisal requirement: Yes, original (subject to confirmation that values have not decreased or will need to use Current Value method)
• All fees due are paid.
• Lines of credit will be considered as if fully funded regardless of the current balance.

Cancellation Based on Current Value:
• Loan-to-value (LTV) requirement: 80% (70% if subordinate liens other than CalHFA or Local CalHFA Partners subordinate loan(s) created at closing are present)
• Provide a current title search or property profile
• Loan is at least 2 years old
• Payment record: No payment 30 days or more past due in the last 12 months and no payment 60 days or more past due in the past 24 months. (Beginning with your 1st payment to CalHFA)
• Occupancy status: Must be owner occupied
• Appraisal requirement: Yes - The appraisal must be obtained through our office at your cost. We will not accept an appraisal that is not ordered through CalHFA Loan Servicing.
• Appraisal fee: $360.00 (approximately)
• All fees due on loan are paid.
• Lines of credit will be considered as if fully funded regardless of the current balance. 


The requirements referenced are for single-family primary residences. The requirements do not apply for investment or rental properties. Note: the calculation of the loan to value (LTV) ratio is: current principal balance(s) divided by either the original appraised value of the property, or the current appraised value of the property. These requirements are subject to Federal, State and investor guidelines and are subject to change without prior written notice. If your loan meets one of the above outlined criteria, please submit your request in writing to your loan servicer (the company to which you send your mortgage payment).