<prompt> Human: Before I ask I know some hawks will swoop in an yell at my lack of down payment. Anyway is what it is based on my situation which I wont detail. 3 down - 150,000 loan. However, Ill likely be able to get to 78 principal paid within 3ish years. So did I confuse the rules or the bank screwing with me? She said even if I could pay off 50 of the principal one month in the loan Im stuck with PMI for 2 years. Its not end of the world just wondering whose correct.  <response>: The PMI requirements are set by the lender. It could be worse. Last I heard FHA loans require PMI for the entire life if the loan if you need it to begin with. 