PMI Help?I am looking at purchasing a home on a conventional 30 yr. Not FHA. Only putting down 5%, so will have to pay PMI. It's a foreclosure, so getting it at a steal, below 80% of the value of the home. Question is, when can I ask the mortgage company to drop the PMI from the loan? 12 months?November 20 2013 - Chattanooga00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.