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Slater Appraisals, Inc.
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PMI Removal Appraisals in Palm Beach & Broward County

Straightforward pmi removal appraisals from Slater Appraisals, Inc.. Independent, well-supported valuations with clear, upfront fees.

Get a free estimate (215) 687-2406

Private mortgage insurance is a monthly cost that many South Florida homeowners continue paying long after their equity has grown enough to eliminate it. Lenders are required to cancel PMI automatically when the loan-to-value ratio reaches a certain threshold based on the original amortization schedule, but that timeline is calculated on the original purchase price — it doesn't account for market appreciation. Homeowners who bought during a period of rising values, or who made improvements that increased the property's worth, may have the equity to drop PMI years ahead of the automatic cancellation date without realizing the lender will accept an independent appraisal as the basis for requesting removal.

A PMI removal appraisal is a current-market valuation prepared to the format lenders and loan servicers require for this specific type of request. Slater Appraisals, Inc. inspects the property, documents its current condition, and prepares a written report with supporting comparable sales that reflects what the home is worth in today's West Palm Beach or South Florida market. The report is structured so it can be submitted directly to the servicer without modification. Because the PMI payment itself represents a recurring monthly cost, many homeowners find that the appraisal fee is offset relatively quickly once the insurance is removed.

The South Florida housing market has seen significant value increases across much of Palm Beach County and Broward County in recent years, which means a meaningful number of homeowners are carrying PMI on equity that no longer justifies it. Getting a current appraisal is the most direct path to requesting removal, and the process is straightforward when the report is prepared correctly. The outcome a homeowner is looking for is simple: a monthly mortgage statement that no longer includes the PMI line item. A well-prepared appraisal from Slater Appraisals, Inc. gives the servicer what it needs to make that happen.

What's Included

Every pmi removal appraisals visit includes

  • Current market value report
  • Formatted for lender submission
  • Often pays for itself in a few months
  • Fast scheduling and turnaround

Fee quoted per assignment

Service Area

Serving Palm Beach & Broward County

West Palm BeachBoca RatonDelray BeachBoynton BeachWellingtonJupiterFort LauderdalePompano BeachCoral SpringsHollywood
The Process

How a PMI removal appraisal works

1

Check your servicer's rules

Every mortgage servicer publishes requirements for canceling private mortgage insurance — typically an equity threshold, a seasoning period, and a current appraisal. Robin can tell you what evidence you'll need once you've reviewed them.

2

Inspect and value the home

The appraisal documents current market value, including appreciation and any improvements since you bought — the two forces that build equity faster than principal payments alone.

3

Run the equity math

Current value against your loan balance shows exactly where your loan-to-value ratio stands.

4

Submit to your servicer

You send the servicer the appraisal with your cancellation request. Note that some servicers require an appraisal ordered through their own channel — check first, and use this report to confirm your case before you pay their fee.

The Equity Math

Why South Florida owners hit the threshold early

PMI exists to protect the lender until you have meaningful equity. Under federal law you can request cancellation once your loan-to-value ratio reaches 80% — and three things get you there faster than the amortization schedule:

  • Market appreciation — South Florida values have moved substantially in recent years
  • Improvements — kitchens, baths, impact windows, roofs add documented value
  • Extra principal payments made along the way
  • A current appraisal is how you prove it — your servicer won't take Zillow's word for it
  • Monthly PMI saved is money back in your pocket every month for the life of the loan
Frequently Asked Questions

Questions about this service

Under the federal Homeowners Protection Act you may request cancellation when your balance reaches 80% of the home's value, and servicers must terminate it automatically at 78% of the original value. Many servicers will also consider current market value after a seasoning period — that's where a new appraisal comes in. Check your servicer's specific requirements first.

Policies differ. Some accept an independent report; others insist on ordering their own. Even in the second case, an independent appraisal first tells you whether the request is worth making — before you pay the servicer's appraisal fee on a case that won't clear the threshold.

Yes — documented improvements are reflected in current market value. Keep permits and receipts; they help support the condition and quality ratings in the report.

FHA loans follow different rules — for most FHA loans originated after 2013 with minimal down payments, the insurance premium lasts the life of the loan and removing it means refinancing into a conventional loan. An appraisal still plays the same role: proving you have the equity to make the move. Robin handles both Conventional and FHA work.

Also Available

Other services we handle

Full list on our services page.

Residential Real Estate Appraisals

Complete appraisal reports for single-family homes and residential properties throughout Palm Beach and Broward County, prepared with more than four decades of local market knowledge. Includes a full interior and exterior inspection, photographs, sketch, market analysis, and comparable sales research specific to the subject's neighborhood. Reports are written to be defensible for lenders, attorneys, or private use. Typical turnaround is a few business days after inspection, depending on complexity. Every report is prepared personally by Robin Slater.

Learn more

Estate & Date-of-Death Appraisals

Retrospective valuations for estate settlement and probate, giving attorneys, executors, and families a defensible value as of the date required. Reports are prepared to IRS-friendly standards with historical comparable sales pulled from the effective date, not today's market. Used for step-up in basis calculations, estate tax filings, and distribution among heirs. Delivered in a format that won't slow down a probate filing or trigger follow-up questions from an accountant or auditor.

Learn more

Divorce & Family Law Appraisals

Independent, unbiased valuations for equitable distribution. Clear, well-supported reports that stand up in negotiation and in court. Robin works with attorneys on both sides and with mediators, and can serve as a neutral joint appraiser when both parties agree. Reports include full supporting documentation and can be accompanied by testimony if the case requires it. Confidential handling, professional communication with counsel, and turnaround that respects court and mediation deadlines.

Learn more

Pre-Listing Appraisals

Know what your home is really worth before you list. An objective valuation that helps sellers price with confidence and avoid leaving money on the table, or chasing the market down with price cuts. Unlike a broker's opinion, a pre-listing appraisal is prepared by a disinterested third party with no commission at stake. Useful for owners considering a sale, negotiating with a buyer directly, or evaluating an offer that came in below expectations.

Learn more

Tax Assessment Appeals

An independent appraisal to support a property tax appeal when your assessed value looks out of line with the market. Palm Beach and Broward County assessments can lag or overshoot actual values, especially in fast-moving neighborhoods. A defensible appraisal, prepared as of the assessment date, gives you the evidence needed to petition the Value Adjustment Board or negotiate directly with the property appraiser's office. Timing matters, so call early in the appeal window.

Learn more

Condominium Appraisals

Valuations for condos and townhomes across South Florida's condo-dense coastal markets, with attention to association factors that affect value. That means looking at HOA financials, reserves, special assessments, milestone inspection status, insurance, and rental rules, all of which move the number in Boca Raton, Fort Lauderdale, Hollywood, and points between. Comparables are drawn from within the building or complex where possible, and adjusted carefully for view, floor, and exposure.

Learn more
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Tell us about the job and we'll come out and measure it. Written estimate before any work starts, no obligation.

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PMI Removal Appraisals for Palm Beach & Broward County Homeowners

Slater Appraisals, Inc. delivers lender-formatted PMI removal appraisals that document your home's current market value — so you can make a defensible cancellation request, not a guess.

Why Palm Beach & Broward County Homeowners Qualify Sooner Than They Expect

Residential values across Palm Beach County and Broward County have climbed substantially since 2020, with median sale prices in cities like West Palm Beach, Delray Beach, and Coral Springs rising well ahead of national averages. That appreciation compresses the timeline to an 80% loan-to-value ratio — often by years compared to what the original amortization schedule projected.

Homes in coastal and near-coastal ZIP codes throughout the area also tend to benefit from documented improvements that carry measurable value: impact-resistant windows and doors (required or incentivized under Florida's wind-mitigation standards), updated roofing systems that satisfy both insurers and appraisers, and kitchen or bath renovations that respond to buyer demand in a competitive local market. Each of those improvements is a legitimate, documentable contributor to current market value — and each is reflected in a properly prepared appraisal.

Florida's property insurance environment has also pushed many owners to invest in structural and mechanical upgrades they might otherwise have deferred. Those same upgrades often show up in an appraisal as condition and quality improvements that support a higher value conclusion. Homeowners who made those investments have a stronger equity case than they may realize — one that a current appraisal can quantify for their loan servicer.

What Makes a PMI Removal Appraisal Different From a Standard Home Valuation

Not every appraisal serves the same purpose, and the format matters to your loan servicer. A PMI removal appraisal must meet specific investor and servicer guidelines — including documentation of current condition, a defined comparable-sales analysis, and a certification that the report was prepared by a licensed, independent appraiser. A valuation that doesn't hit those checkboxes gets kicked back, delaying your cancellation request and sometimes costing you a second appraisal fee.

Slater Appraisals, Inc. prepares reports structured for this exact use case. That means the comparable sales reflect the current market in your neighborhood, the adjustments are supported and explained, and the final report arrives in the format your servicer expects to receive. There's no reformatting step on your end before you submit.

It also means the appraisal is independent — not ordered through the servicer's vendor channel. Some servicers require their own ordered appraisal for the formal cancellation; others accept an independent report. Either way, an independent appraisal first tells you whether your equity position actually clears the threshold before you pay a servicer-ordered fee on a request that won't succeed. That's a practical hedge worth taking.

Common questions

My servicer says I need to use their own appraiser — is an independent appraisal still worth getting?
Yes, for one specific reason: it tells you whether your equity position actually supports a cancellation request before you pay the servicer's appraisal fee. If the independent appraisal shows your loan-to-value is still above 80%, you've avoided paying for a servicer-ordered appraisal on a request that would have been denied. If it confirms you're under 80%, you proceed with confidence.
How much equity do I need, and does South Florida appreciation count toward it?
Federal law under the Homeowners Protection Act allows you to request PMI cancellation when your loan balance reaches 80% of the home's current market value — and yes, market appreciation counts. Your servicer bases automatic cancellation on the original purchase price and amortization schedule, but a current appraisal lets you argue from today's value, which in many Palm Beach and Broward County neighborhoods is meaningfully higher than what you paid.
How long does the appraisal take, and how quickly can I submit the cancellation request?
Scheduling and inspection typically happen within a few business days, and the written report follows shortly after. Once you have the report in hand, you can submit your PMI cancellation request to your servicer immediately — there's no waiting period tied to the appraisal itself. Servicers generally respond to cancellation requests within 30 days of receiving a complete submission.

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