Unique PMI Situation, what can I do?

[Robert Larue]

Hi all,

I am purchasing a single family home (It was originally a duplex, and is still zoned as a duplex, but the current owner turned it into a SFR). The bank appraised it as a SFR, did my loan as a SFR (5% down), and it is owner occupied. I am planning to turn it back into a duplex, and live in one unit and rent the other. Does anyone know if I get this re-appraised as a duplex in 6 months or so, can the PMI be removed as long as the LTV is 75% or below? Or will I have issues with having the loan called because I changed it into a duplex and that is not what they originally did the loan for?

Thanks for any advice.

-Rob