USMI REPORT: SAVING 20% TO BUY A HOME TAKES 20 YEARS ON AVERAGE

摘要

U.S. Mortgage Insurers (USMI), the association representing the nation's leading private mortgage insurance (MI) companies, has released its annual report detailing low down payment insured mortgage lending in all 50 states and the District of Columbia. The report breaks down on a state-by-state basis low down payment mortgage lending with private MI, including the number of borrowers helped, the percentage of borrowers who were first-time homebuy-ers, average loan amounts, average FICO credit scores, and provides an analysis of how long it would take those borrowers to save for a 20% versus a 5% down payment.