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HR 6125119th CongressIn Committee
Housing Financial Literacy Act of 2025
Introduced: Nov 19, 2025
Sponsor: Rep. Beatty, Joyce [D-OH-3] (D-Ohio)
Standard Summary
Comprehensive overview in 1-2 paragraphs
This bill requires the Secretary of Housing and Urban Development to provide a 25 basis point discount on FHA single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy housing counseling program before signing a mortgage application or sales agreement. The discount applies to the premium payment amount established by the Secretary.
Key Points
- 1Provides 25 basis point discount on FHA mortgage insurance premiums
- 2Applies to first-time homebuyers who complete financial literacy counseling
- 3Counseling must be completed before signing mortgage application or sales agreement
- 4Amends National Housing Act section 203(c)(2)
- 5Aims to promote financial literacy among first-time homebuyers
- 6Reduces mortgage insurance costs for eligible borrowers
Impact Areas
First-time homebuyersFederal Housing AdministrationMortgage insuranceFinancial literacyHousing affordabilityFederal housing policy
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