Rural Homeownership Continuity Act of 2025

This bill changes federal law on the Section 502 rural home loan guarantee program run by the U.S. Department of Agriculture. It would allow the Secretary to let a qualified buyer take over (assume) an existing guaranteed loan when the home is transferred to them. The original borrower, and any co-borrower or guarantor, would no longer be responsible for the loan after it is assumed. The change would apply to loans guaranteed on or after the date the bill becomes law. The Secretary of Agriculture could also issue a rule letting loan servicers charge borrowers fees for transaction costs.

Full text and official record on Congress.gov

Sponsors

• Jim Costa Democrat sponsor
• 7 cosponsors