Is there a Maximum age for private mortgage insurance?

There is no specific maximum age for private mortgage insurance (PMI); rather, PMI is typically required for conventional loans when a borrower makes a down payment of less than 20%. The requirement for PMI is based on the loan terms and the borrower's financial profile rather than their age. However, older borrowers may consider alternative options, such as paying a larger down payment to avoid PMI or exploring different loan products.