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FHA Mortgage Insurance Discount for First-Time Homebuyers Completing Financial Literacy.

This law introduces a discount on mandatory FHA mortgage insurance premiums for individuals purchasing a home for the first time. To qualify for the lower fee, citizens must complete a financial literacy housing counseling program before signing a mortgage application or sales agreement. This aims to reduce loan costs and promote financial knowledge among new homeowners.
Key points
First-time homebuyers can receive a 0.25% (25 basis points) discount on their monthly FHA mortgage insurance premiums.
The discount requires the completion of a housing financial literacy counseling program before applying for the mortgage.
The change makes FHA loans more affordable and accessible for new homeowners.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6125
Sponsor: Rep. Beatty, Joyce [D-OH-3]
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Housing Financial Literacy Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6125.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What are the main provisions?

Key points include:

  • First-time homebuyers can receive a 0.25% (25 basis points) discount on their monthly FHA mortgage insurance premiums.
  • The discount requires the completion of a housing financial literacy counseling program before applying for the mortgage.
  • The change makes FHA loans more affordable and accessible for new homeowners.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Real Estate Economy