November 11, 2025 Op-Ed: Homeownership for working families is about to get more affordable

November 11, 2025

USMI President Seth Appleton authored an opinion piece in the Western Journal on the reinstatement and permanency of the mortgage insurance (MI) premium tax deduction as part of President Trump's One Big Beautiful Bill Act and the benefits that American families will soon see from the provision. "Americans previously used the deduction 44 million times for combined deductions of $65 billion. In the last year it was available, taxpayers received back an average of more than $2,300. For middle-class families, that's real money - enough to cover monthly bills, put food on the table, or help with school expenses for the kids. Thanks to the One Big Beautiful Bill Act, that tax relief is now back for good," wrote Appleton.

Appleton added: "The impact of this deduction can be substantial. In 2024 alone, more than 800,000 Americans purchased homes with the help of private mortgage insurance. Nearly two-thirds were first-time buyers, and many earned under $75,000 a year. These aren't Wall Street investors - they're teachers, nurses, police officers, and young families finally getting their foot in the door of homeownership… The restoration of the mortgage insurance deduction means homeownership is now closer within reach for millions of families. It is a concrete win at a time when Americans are eager to see results from Washington. That's good news for working families - and it's worth celebrating."

Read the full piece here.