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Mortgage Relief for First-Time Homebuyers After Financial Literacy Training.

This bill aims to reduce mortgage insurance costs for first-time homebuyers. To qualify, individuals must complete a financial literacy housing counseling program before applying for a mortgage. This could lead to savings on monthly mortgage payments.
Key points
Lower mortgage insurance premiums for first-time homebuyers.
Completion of a financial literacy housing counseling program required before mortgage application for the discount.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_4899
Sponsor: Rep. Beatty, Joyce [D-OH-3]
Process start date: 2023-07-26
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Housing Financial Literacy Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4899.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-26.

What are the main provisions?

Key points include:

  • Lower mortgage insurance premiums for first-time homebuyers.
  • Completion of a financial literacy housing counseling program required before mortgage application for the discount.
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 Rep. Beatty, Joyce [D-OH-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Real Estate Economy