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FHA Support for Small Mortgages: Review and Improve Access

This act aims to investigate why it is harder to get a mortgage for homes under $100,000. The goal is to increase homeownership opportunities for lower-income individuals and underserved borrowers, without jeopardizing the stability of the mortgage insurance fund.
Key points
A review of FHA mortgage insurance policies will be conducted to identify barriers for loans up to $100,000.
The objective is to facilitate access to mortgages for less expensive properties, potentially helping more people buy their first home.
A report detailing findings and planned actions will be submitted to Congress within 12 months.
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Status:
Expired
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Additional Information
Print number: 117_S_2131
Sponsor: Sen. Tester, Jon [D-MT]
Process start date: 2021-06-17
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Improving FHA Support for Small-Dollar Mortgages Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2131.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-17.

What are the main provisions?

Key points include:

  • A review of FHA mortgage insurance policies will be conducted to identify barriers for loans up to $100,000.
  • The objective is to facilitate access to mortgages for less expensive properties, potentially helping more people buy their first home.
  • A report detailing findings and planned actions will be submitted to Congress within 12 months.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Tester, Jon [D-MT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Real Estate Economy