MI in Your State

How does private mortgage insurance (MI) help you get into a home sooner? USMI’s annual report breaks down low down payment mortgage lending with private MI in all 50 states and the District of Columbia. The report provides an analysis of how long it could take you to save for a 20 percent down payment compared to a 5 percent down payment. This year, USMI’s report found that saving for a 20 percent down payment could take potential homebuyers 21 years — three times the length of time it could take to save for a 5 percent down payment.

For nearly 65 years, the private MI industry has helped more than 35 million borrowers across the country access affordable low down payment home financing while protecting lenders and taxpayers. In 2020, private mortgage had a record-setting year, helping over 2 million borrowers secure low down payment mortgage financing. Click below to read the 2021 report now.

The fact sheets below provide detailed information on who is borrowing in each state plus DC, the number of years it could take for these borrowers to save for a 20 percent versus a 5 percent down payment, and how private MI has made it possible for many borrowers to get into homes sooner. Click on a state below to learn more.

These two-page fact sheets are in PDF format. The size of each file is approximately 390 KB.

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