Dakota State University: Can a homeowner simply stop paying mortgage insurance after the home’s value rises?
DIRECT ANSWER
Retained SD Housing statewide guidance as captured October16,2026; not a DSU employee benefit,campus program,lender commitment,property approval or guaranteed award.
No automatic removal is established. SD Housing says removal depends on the loan’s required loan-to-value ratio and insurance type,and describes no payments more than30 days late during the previous12 months. Ask the loan servicer about the actual removal test before subtracting mortgage insurance from the budget.
Source scope and conditions
Retained SD Housing statewide guidance as captured October16,2026; not a DSU employee benefit,campus program,lender commitment,property approval or guaranteed award.
Sources & verification
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