The following table describes the LTV ratio eligibility criteria.
|If the mortgage loan is secured by...||Then the LTV ratio eligibility criterion is met...|
||on the date the mortgage loan balance is first scheduled to reach 80% (or actually reaches 80%) of the original value of the property.|
||on the date the outstanding principal balance of the mortgage loan reaches 70% of the original value of the property.|
Note: The servicer must determine the original value of the property in accordance with applicable law.
For more information, please see Servicing Guide: B-8.1-04, Termination of Conventional Mortgage Insurance