HELPER Plus Act

This bill would create a new Federal Housing Administration (FHA) mortgage insurance program for first-time homebuyers who work as first responders, teachers, 911 call center operators and dispatchers, correctional officers or prison guards, or child care workers. Insured mortgages could cover up to 100 percent of a home's appraised value, so borrowers would not have to make a down payment. Borrowers would pay an up-front insurance premium that may exceed 3 percent of the loan amount, and they would pay no monthly insurance premium. Borrowers must complete housing counseling and meet work-history and other eligibility rules. The program would authorize $660,000 for fiscal year 2026 and $160,000 per year for 2027 through 2032, and new loan commitments would end 5 years after the program starts.

Full text and official record on Congress.gov

Sponsors

• Ryan Mackenzie Republican sponsor
• 0 cosponsors