Low down payment mortgages help first-time buyers access the American dream

According to a report released by U.S. Mortgage Insurers, 64% of homebuyers who used private MI last year did so to purchase their first homes and to begin building equity, a 6% increase in first-time buyers' share of the market from 2020. Considering a 20% down payment on the national median home price of approximately $425,000 is $85,000, many aspiring…