Texas homebuyers more likely to use private mortgage insurance than any other state

In 2025, over 64,000 Texas households used private mortgage insurance (PMI), the highest in the U.S. for the ninth year. PMI helps buyers with down payments under 20%, saving Texas buyers an average of $51,645 at closing. Among users, 58% were first-time buyers. PMI reduces the time needed to save for a down payment by over 15 years, making homeownership more accessible.