Private MI helps make the dream of homeownership possible
Nearly 39 Million
Number of homeowners MI helped purchase or refinance a mortgage since 1957.
800,000 homeowners helped in the past year
- Nearly 64% of purchasers were first-time homebuyers
- Nearly 35% of borrowers had incomes below $75,000
- Average loan amount (purchase and refinance) with MI was approximately $346,817
Private MI helps get buyers into homes sooner
Flexibility
Variety of private MI products and fewer restrictions than government-insured mortgages.
Cancelability
Unlike the vast majority of government mortgage insurance, private MI cancels once a borrower has built enough equity, resulting in lower monthly payments over time.
3%
Lowest down payment borrowers need to get in homes faster and have extra cash to save.
Private MI protects taxpayers and the government
- Nearly $1.4 TRILLION in GSE mortgages currently outstanding have protection from MI coverage
- Private mortgage insurers have covered nearly $60 BILLION in claims since the GSEs entered conservatorship
