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119-hr-6125119th CongressWALLET
Housing Financial Literacy Act of 2025
Sponsored By: Representative Beatty, Joyce [D-OH-3]
Introduced
Summary
Would give first-time homebuyers a discount on FHA mortgage insurance if they complete approved housing counseling before signing their mortgage application or sales contract. The bill would lower the FHA single-family mortgage insurance premium by 0.25 percentage points from the standard premium the Secretary sets and replaces prior language that referenced a 2.75 percent cap. The discount applies only when counseling finishes before signing and is written as a premium reduction rather than a separate subsidy.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Lower FHA insurance for first-time buyers
If enacted, first-time homebuyers using an FHA-insured mortgage would pay a lower insurance premium. The rate would be 0.25 percentage points (25 basis points) below the standard FHA premium. To qualify, you would need to finish a housing financial literacy counseling program before signing a mortgage application or a sales agreement. This would apply only to FHA single-family mortgages. The bill does not list a start date.
Sponsors & CoSponsors
Sponsor
Beatty, Joyce [D-OH-3]
OH • D
Cosponsors
Rep. Sykes, Emilia Strong [D-OH-13]
OH • D
Sponsored 10/1/2026
Rep. Min, Dave [D-CA-47]
CA • D
Sponsored 10/9/2026
Rep. Carey, Mike [R-OH-15]
OH • R
Sponsored 11/19/2025
Rep. Adams, Alma S. [D-NC-12]
NC • D
Sponsored 11/19/2025
Rep. Bishop, Sanford D. [D-GA-2]
GA • D
Sponsored 11/19/2025
Rep. Carson, André [D-IN-7]
IN • D
Sponsored 11/19/2025
Rep. Case, Ed [D-HI-1]
HI • D
Sponsored 11/19/2025
Rep. Clarke, Yvette D. [D-NY-9]
NY • D
Sponsored 11/19/2025
Rep. Cleaver, Emanuel [D-MO-5]
MO • D
Sponsored 11/19/2025
Rep. Cohen, Steve [D-TN-9]
TN • D
Sponsored 11/19/2025
Rep. Craig, Angie [D-MN-2]
MN • D
Sponsored 11/19/2025
Rep. Davis, Donald G. [D-NC-1]
NC • D
Sponsored 11/19/2025
Rep. Evans, Dwight [D-PA-3]
PA • D
Sponsored 11/19/2025
Rep. Fields, Cleo [D-LA-6]
LA • D
Sponsored 11/19/2025
Rep. Hayes, Jahana [D-CT-5]
CT • D
Sponsored 11/19/2025
Rep. Johnson, Henry C. "Hank" [D-GA-4]
GA • D
Sponsored 11/19/2025
Rep. Johnson, Julie [D-TX-32]
TX • D
Sponsored 11/19/2025
Rep. Kelly, Robin L. [D-IL-2]
IL • D
Sponsored 11/19/2025
Rep. Krishnamoorthi, Raja [D-IL-8]
IL • D
Sponsored 11/19/2025
Rep. Mannion, John W. [D-NY-22]
NY • D
Sponsored 11/19/2025
Rep. McBride, Sarah [D-DE-At Large]
DE • D
Sponsored 11/19/2025
Rep. Meeks, Gregory W. [D-NY-5]
NY • D
Sponsored 11/19/2025
Rep. Moore, Gwen [D-WI-4]
WI • D
Sponsored 11/19/2025
Rep. Mullin, Kevin [D-CA-15]
CA • D
Sponsored 11/19/2025
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 11/19/2025
Rep. Scott, David [D-GA-13]
GA • D
Sponsored 11/19/2025
Rep. Smith, Adam [D-WA-9]
WA • D
Sponsored 11/19/2025
Rep. Thanedar, Shri [D-MI-13]
MI • D
Sponsored 11/19/2025
Rep. Thompson, Bennie G. [D-MS-2]
MS • D
Sponsored 11/19/2025
Rep. Tokuda, Jill N. [D-HI-2]
HI • D
Sponsored 11/19/2025
Rep. Stevens, Haley M. [D-MI-11]
MI • D
Sponsored 11/21/2025
Rep. Titus, Dina [D-NV-1]
NV • D
Sponsored 11/21/2025
Rep. Subramanyam, Suhas [D-VA-10]
VA • D
Sponsored 12/2/2025
Rep. Houlahan, Chrissy [D-PA-6]
PA • D
Sponsored 12/9/2025
Rep. Correa, J. Luis [D-CA-46]
CA • D
Sponsored 12/17/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov