Drop Your PMI Forever
On average, mortgage borrowers pay PMI for 8-12 years before it is automatically dropped. Ownwell has saved customers $3,192 on average by removing their PMI early. Enter your address to see if you qualify.
No upfront fee
Less than 2 minutes
Expert support
Why pay when you don’t have to?
$3,192Average Savings
48 monthsAverage Early Termination
30 daysAverage Process Time
Ownwell's PMI removal process was personal and surpassed all my expectations.
-Mark S., Homeowner
No Costs Unless You Save
If you successfully drop your PMI, Ownwell charges a one-time fee of 25% of your first-year savings, plus you pay your servicer’s valuation fee (typically $150 - $190). If we aren’t successful, then you owe nothing.
Your servicer orders the valuation (typically $150 - $190). If your home's valuation is too low to drop PMI, Ownwell pays that bill - not you.
Once PMI is gone, every mortgage payment shrinks. We manage all paperwork and follow-ups so you can focus on the savings.
Our Promise to You
Why Homeowners Choose Ownwell
No Up-Front Cost
It’s free to check eligibility. Our success-based fee (25% of first-year savings plus valuation fee) only applies after your PMI is officially removed.
Risk-Free Valuation
Valuations typically cost $150 - $190. If the value comes in too low and PMI stays, Ownwell pays the bill. If it knocks out PMI, you cover the cost—and keep the monthly savings.
End-to-End Service
We work directly with your mortgage servicer so you never have to chase documents.
Fast Sign-Up
The initial form takes less than two minutes—then we handle the heavy lifting.
AS SEEN ON
Customers on average save thousands. That’s a trip to Italy!
Once approved, your PMI is removed from your monthly mortgage payment. Start saving immediately.
Frequently Asked Questions
How much does Ownwell charge?
There are no upfront costs for our service. Ownwell will cover your mortgage servicer’s non-refundable fee for the home valuation (typically around $150-$190) - not you. If we successfully remove your PMI: you pay us 25% of your first year's savings, plus the cost of the valuation that we covered for you. If we can't remove your PMI: you pay nothing. We cover the valuation cost. It's completely risk-free.
What happens during the home valuation?
Your mortgage servicer will order either an appraisal or a Broker Price Opinion (BPO). In either case, a licensed professional will schedule a time to visit your home. They'll conduct a brief walkthrough and take photos of each room to determine your home's current market value.
Will a new home valuation impact my property taxes?
No. This valuation is for your mortgage servicer's use only. It is completely separate from your county's property tax assessment and will not affect your tax bill.
Will my mortgage or interest rate change if I drop my PMI?
No, dropping your PMI doesn’t require making any other changes to your mortgage. That means you can drop your PMI and keep your existing mortgage rate!
Can I use an existing appraisal to remove PMI?
Unfortunately, no. Your mortgage servicer requires the valuation to be ordered directly through their own approved network of professionals. We handle this coordination for you.
How does Ownwell calculate my eligibility for PMI removal?
We use a combination of real estate market data, comparable sales, and proprietary models to estimate your home’s value and your current mortgage balance. This helps determine whether your current equity meets the threshold to qualify for PMI removal, based on Fannie Mae and Freddie Mac’s guidelines. Your actual eligibility will be confirmed by your mortgage servicer.