State Mortgage Insurance

Private MI: Helping millions of Americans become homeowners each year

For nearly 70 years, MI has helped nearly 40 million home-ready borrowers across the country access affordable low down payment home financing while protecting lenders and taxpayers.

Private MI helped more than 800,000 families become homeowners in 2025 alone. USMI’s annual report breaks down low down payment mortgage lending with MI in all 50 states and the District of Columbia. The report provides an analysis of how long it would take homebuyers to save for a 20 percent down payment compared to a 5 percent down payment.

Click below to read the 2026  report:

2026 Report

Click on the map below to find out more about MI in each state and how MI has made it possible for many borrowers to get into homes sooner.

Alabama

9,404 Homeowners Helped in 2025
53% First-Time Homebuyers in 2025
$305,842 Avg. Loan Amount Purchased/Refinanced with PMI in 2025
23 Years to Save for 20% Down payment VS 8 Years for 5% Down Payment

MI by State

Private MI: Helping millions of Americans become homeowners each year

Click on the map below to find out more about MI in each state and how MI has made it possible for many borrowers to get into homes sooner.

Click links below to view past reports

Policy Priorities

Tax Deductibility

Taxpayer Protection

Advocacy

Access & Affordability

Housing Finance Reform