Housing Financial Literacy Act of 2025

This bill changes the up-front mortgage insurance premium for certain FHA-insured single-family home loans. For first-time homebuyers who complete a financial literacy housing counseling program, the premium would be set at 0.25 percentage points (25 basis points) lower than the standard premium set by the Secretary of Housing and Urban Development. To qualify, the buyer would have to finish the counseling program before signing a mortgage application or a sales agreement. The bill replaces the current rule, which caps the premium for these buyers at 2.75 percent of the original loan amount.

Full text and official record on Congress.gov

Sponsors

• Joyce Beatty Democrat sponsor
• 34 cosponsors