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CrossCountry Mortgage's Bye-Bye PMI program

Nine steps.
No MI payment, ever.

Not monthly, not upfront, not ever. Here is the eligibility path for buyers who qualify - and, for everyone else, the three real ways PMI actually goes away.

Steps9credit check to close
MI paths compared3Bye-Bye PMI, conv. PMI, FHA MIP
Ends without MI1the Bye-Bye PMI path
The path, step by step
Step 1

Check your credit file

A 740+ FICO and a clean credit profile are the foundation; pull your reports early and address anything that needs attention.

Phase Prep
Owner You
Step 2

Know your ratios

Confirm your back-end DTI is at or below 43% before you shop - the program's DTI ceiling is a firm program requirement.

Phase Prep
Owner You
Step 3

Get pre-approved

Pre-approval via AUS (DU or LP) confirms program eligibility, FICO, DTI, and your exact purchase range before you shop.

Phase Prep
Owner Lender
Step 4

Shop with confidence

Pre-approved with program confirmed - shop knowing your budget, your file is verified, and no MI payment will appear on your statement.

Phase Shop
Owner You
Step 5

Make an offer

A clean conventional offer backed by a strong pre-approval and AUS Approve/Eligible competes well in most markets.

Phase Contract
Owner You
6

Appraisal

Must support the purchase price at or below 85% LTV; confirm value early so the program parameters hold.

7

Underwriting

AUS DU or LP findings required; no manual underwrite. Respond to conditions quickly, avoid new credit or debt.

8

Clear to close

Final verifications: FICO, DTI, and employment unchanged; no new accounts, large deposits, or income changes.

9

Close - no MI

Keys in hand. No MI line item on your statement - no monthly premium, no upfront premium, ever.

Three ways to lose PMI

Equity milestones by path - whichever loan you have, here is how mortgage insurance actually goes away (or never shows up at all).

Bye-Bye PMI

Nothing to remove - there is no borrower MI payment from day one, so there is no cancellation milestone to track.

No MI, ever
How it ends
Time to remove
Refi needed

Standard conventional PMI

You can request cancellation at 80% LTV; the lender must automatically terminate it at 78% LTV under federal law (HPA).

80% request / 78% automatic
How it ends
Time to remove
Refi needed

FHA MIP

Removal depends on term and LTV at origination - a 30-year loan starting above 90% LTV typically carries MIP for the life of the loan.

Term + LTV dependent
How it ends
Time to remove
Refi needed

Check your eligibility - free

We verify FICO, DTI, occupancy, and property type against program requirements and compare Bye-Bye PMI to your alternatives side by side.

Min FICO
740+, per program guidelines
Max DTI
43% back-end ceiling
Occupancy
Primary residence only
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{{event.ctaUrl}}
{{compliance.pendingLabel}}   Equal Housing Opportunity. {{lo.company}}, NMLS #{{lo.nmls}} (Company NMLS #{{compliance.companyNmls}}). CCM Bye Bye PMI is a proprietary program of CrossCountry Mortgage, LLC. Program parameters per CCM Bye Bye PMI Guidelines dated 7/17/2025; subject to change without notice. Mortgage insurance on this program is not paid by the borrower; program structure and pricing per current CrossCountry Mortgage guidelines, subject to change. Standard conventional PMI cancellation thresholds (80% borrower-requested, 78% automatic) reflect the federal Homeowners Protection Act and are based on original property value and amortization schedule; actual eligibility varies by loan and servicer. FHA MIP duration depends on loan term and LTV at origination per current HUD guidelines and is subject to change. Not an offer, commitment, or guarantee. All loans subject to credit approval and underwriting; not all applicants will qualify. This co-marketed seminar is cost-split by fair market value per RESPA; no party pays for referrals. NMLS Consumer Access: www.nmlsconsumeraccess.org.