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Mortgage Insurance Program for First Responders and Educators

This act establishes a new mortgage insurance program to help firefighters, police officers, paramedics, and teachers purchase homes. The program allows these professionals to obtain a mortgage without a down payment, reducing initial homeownership costs. It aims to support these essential workers in securing stable housing.
Key points
No down payment required for eligible first responders and educators.
Program targets firefighters, police, paramedics, and teachers with at least 4 years of service.
Mortgage proceeds can be used to purchase, construct, or repair a single-family home or condominium unit.
A one-time upfront mortgage insurance premium of 3.6% is required, with no monthly premiums.
Sellers may pay all or part of closing costs.
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Additional Information
Print number: 117_S_2981
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2021-10-07
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

HELPER Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2981.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-10-07.

What are the main provisions?

Key points include:

  • No down payment required for eligible first responders and educators.
  • Program targets firefighters, police, paramedics, and teachers with at least 4 years of service.
  • Mortgage proceeds can be used to purchase, construct, or repair a single-family home or condominium unit.
  • A one-time upfront mortgage insurance premium of 3.6% is required, with no monthly premiums.
  • Sellers may pay all or part of closing costs.
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. Rubio, Marco [R-FL].

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 2026-01-02.

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