# 119-hr-5508: Mortgage Insurance Freedom Act

119-hr-5508, Mortgage Insurance Freedom Act, is a 119th Congress bill sponsored by Rep. Meeks, Gregory W. [D-NY-5] (D-NY); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-5508
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-5508
- Congress: 119
- Title: Mortgage Insurance Freedom Act
- Status: introduced
- Introduced: 2025-09-19
- Sponsor: Rep. Meeks, Gregory W. [D-NY-5] (D-NY)
- Cosponsors: 4
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would stop FHA annual mortgage insurance premiums once a mortgage's insured principal balance falls to 78% or less of the lower of the home's sales price or its original appraised value.** It limits the Secretary's power to keep collecting those premiums and requires rules for borrowers to prove their balance.

## Cosponsors (4)

- Rep. Sessions, Pete [R-TX-17] (R-TX), 2025-09-19T00:00:00.000Z
- Rep. Fields, Cleo [D-LA-6] (D-LA), 2025-12-03T00:00:00.000Z
- Rep. Krishnamoorthi, Raja [D-IL-8] (D-IL), 2025-12-03T00:00:00.000Z
- Rep. Carter, Troy A. [D-LA-2] (D-LA), 2025-12-03T00:00:00.000Z

## Provisions PRIA read

- FHA mortgage insurance ends at 78%: benefit, medium. If enacted, new FHA borrowers would stop paying annual mortgage insurance when the remaining insured balance is 78% or less of the lower of the home’s sale price or its appraised value at origination. The balance used would exclude the part from past FHA premiums. This would only apply to mortgages…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7973: Momnibus Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-3971: Domestic Workers Bill of Rights Act
- 119-hr-2102: Major Richard Star Act
- 119-hr-2048: Metastatic Breast Cancer Access to Care Act

## Sources
- [119-hr-5508 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/5508)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-3971: Domestic Workers Bill of Rights Act](https://policyrisk.com/legislation/119-hr-3971)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-2048: Metastatic Breast Cancer Access to Care Act](https://policyrisk.com/legislation/119-hr-2048)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-5508 (as of 2026-04-21).