I am curious to know what people in this situation are doing.. If you signed contract for a new construction say in December 2020 and move in date is August 2021, chances are that at the time of appraisal, your property would have significantly increased in value as the current market conditions for 2021 are crazy. So how much did you put down? Hypothetical if your property value increased by 20%, and you put 5% down in the beginning, in a few months (6 months, maybe a year???) you should be able to contact your lender to remove your PMI. So strategically, would it make sense to out more than 5% down?