Owner Occupied Duplex PMI Removal Impossible - Irrational Reasons.

[Justin Case]

Hi,

I am right at 78% LTV in my owner occupied duplex. I want to remove PMI.

I called and learned that an owner occupied duplex falls under investment property for PMI even when the initial loan and a refinance two years ago was not considered an investment property. (I only have one 30yr fixed rate loan on this property)

This does not make sense to me because if It was a SFR I could remove PMI no problem. But since I have an income producing unit that hedges my income and loan for the positive it is considered an investment property and I have to pay for PMI when I have less risk than if it was an SFR

Anyone have experience  with this? Irrational logic if you ask me.