U.S. Mortgage Insurers

USMI’s new state report estimates that private MI has saved American homebuyers more than $285 billion in down payment costs since 2020 – more than $48,000 per buyer on average last year! Read more in the full report: bit.ly/45YLUpV

Thanks to the Working Families Tax Cuts, beginning with tax year 2026, qualifying homeowners can once again deduct MI premiums from their federal income taxes, adding to the savings that private MI already helps Americans save at the closing table!

According to USMI’s new state report, for the fourth year in a row, the states with the most homebuyers using loans backed by private MI were Texas, Florida, California, Illinois, and Ohio. See where your state ranks in the full report: bit.ly/45YLUpV

USMI’s new report found that private MI helps families get off the homebuying sidelines rather than waiting the 25 years it could take the average American homebuyer to save a 20% down payment. Get the latest data: bit.ly/45YLUpV

Today, USMI published our 2026 annual report analyzing state and national usage of private MI. The latest data estimates that private mortgage insurance saved American homebuyers more than $35.3 billion in down payment costs during 2025 alone. Read the full report: bit.ly/45YLUpV

On America's 250th birthday, USMI is proud to reflect on the role that private MI plays in supporting the American Dream of homeownership. In fact, between 2020 and 2024 alone, private MI saved American homebuyers more than $250 billion in cash due at closing! Read more: bit.ly/4uqcUsm

In 2025, private MI saved American homebuyers $35 billion in down payment costs — allowing them to access homeownership without a 20% down payment and helping them put down roots in a home of their own. Read more in our recent column: bit.ly/4fwZwPr

65% of purchasers who used private MI in 2025 were first-time homebuyers and were able to access the American Dream of homeownership with a down payment as low as 3%. Read more in our latest blog: bit.ly/4uqcUsm

USMI would like to congratulate @USRepMikeFlood and @repcleaver on receiving the @natlhousingconf Carl A.S. Coan, Sr. Lifetime Achievement Award for Public Service. As Chairman and Ranking Member of the @FinancialCmte Housing and Insurance Subcommittee, respectively, their bipartisan leadership on expanding housing opportunity for working families continues to advance solutions for American homebuyers.

Congratulations to Debra W. Still on receiving the @natlhousingconf Housing Visionary Award! This well-deserved award honors her decades of leadership in housing finance and work to expand access to homeownership for countless American families.

In 2025 alone, more than 800,000 American homeowners used private MI to plant roots and call a place their own. Learn how private MI could help you achieve your own American Dream at lowdownpaymentfacts.com.

Since 1957, private MI has been part of the American story — helping nearly 41 million homeowners achieve the dream of owning their own piece of this great nation. Read more in our press release: bit.ly/43pFD5C

Did you know? You don’t need a 20% down payment to purchase a home! Private MI allows Americans to become homeowners and begin building equity with a down payment as low as 3% and, unlike other homeownership expenses that have increased over time, MI premium rates have declined 25% or more in recent years. Learn more in @MiamiHerald: bit.ly/4uqQTKa

Last week, USMI President Seth Appleton joined the @WHF_DC 2026 Annual Symposium to discuss the housing regulatory and legislative landscape and share insights on affordability solutions, including the MI premium tax deduction. Read more from @IMFPubs: bit.ly/4noDQGX

“As we celebrate America’s 250th birthday this year, we also have reached a fitting milestone: USMI estimates that American homebuyers saved over $250 billion in cash due at closing thanks to private MI between 2020 and 2024 alone!” Read more in USMI’s new blog: bit.ly/4sHdDEC

Did you know? Private MI premium rates (as measured by public data on in-force premium yields) have declined 25% or more in recent years, in stark contrast to homeownership costs that have increased in recent years. Read more in USMI’s new blog: bit.ly/4sHdDEC

“As we mark America’s 250th birthday, our analysis estimates that private MI saved Americans over $250 billion in cash due at the closing table in just five years alone...,” USMI President Seth Appleton wrote in USMI’s latest press release. Read here: bit.ly/4tlGpeJ

NEW DATA: From 2020–2024, PMI saved millions of first-time and working-class homebuyers an estimated $258.1 billion in down payment funds due at closing, allowing them to access homeownership without the barrier of large down payments. Read more here: bit.ly/4tlGpeJ

Private MI rates have declined by 25% (13.1 basis points) since 2017 while other costs of homeownership, such as homeowners insurance and property taxes, significantly increased during the same period. More on how PMI helps working-class homebuyers from @urbaninstitute: bit.ly/4b233mF

Over the 1994-2024 origination period, PMI reduced GSE loss severity by 22.5%: GSE loans with PMI would have had a loss severity of 54%, but PMI coverage reduced the severity to 31%, highlighting how private MI reduces losses to the GSEs. More from @urbaninstitute’s new chartbook: bit.ly/4b233mF