Mortgage borrowers today are more often Gen X than millennial, according to a recent survey by NAMB – The Association of Mortgage Professionals. The majority of NAMB members surveyed reported millennials account for only as much as 25 percent of their customer base, compared to Gen Xers who comprised as much as 75 percent.

“There’s a big focus on millennials, but in reality, the majority of borrowers are still over 36 years old,” says Fred Kreger, president of NAMB.

Gen Xers are likely to make 20 percent down payments, on average, the survey shows, while millennials are tending to put down 3 percent or less.