Housing Financial Literacy Act of 2026
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Latest action
- Jun 23
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What it does
The Housing Financial Literacy Act of 2026 would require the Secretary of Housing and Urban Development to reduce FHA mortgage insurance premiums by 25 basis points for first-time homebuyers who complete a financial literacy housing counseling program before signing a mortgage application or sales agreement. The bill amends the National Housing Act to replace the existing cap on premium discounts with a specific reduction tied to completion of an approved counseling program. This change aims to incentivize financial education among prospective first-time homebuyers by lowering their ongoing mortgage costs. The bill applies to individuals seeking FHA-insured single-family mortgages who participate in qualifying housing counseling programs prior to loan application.
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Work with this bill
Where it goes next
While a bill can still move, the questions are about people and money.
- Who sits in the seats that vote on itA roster is not a certified tally, and a filing is not a place on the ballot.
- Who funds the people decidingA receipt is not backing. A contribution does not establish a policy motive.
- Who is paid to be heardNaming an institution is the filer's account, not a record of any meeting.
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