United for Homes proposes reducing the size of a mortgage eligible for a tax break from $1 million to $500,000, and converting the deduction to a 15% non-refundable credit. Less than 5.0% of mortgages in the United States from 2012-2014 were over $500,000.
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- Download a national map by county, with a state-level table.
- Download a national map by state, with a state-level table.
Download your state map to find out how many homeowners borrowed more than $500,000:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Source: National Low Income Housing Coalition analysis of Home Mortgage Disclosure Act (HMDA) data from 2012 to 2014. The county-level analysis covers both government-insured and conventional loans for home purchase or refinancing and is restricted to owner-occupied properties that are one-to-four family or manufactured housing secured with a first lien.