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119-hr-6511119th CongressWALLET

Affordable Homeownership Access Act

Sponsored By: Representative Barr, Andy [R-KY-6]

Introduced

Summary

Easier access to owner-financed home purchases would make it simpler for small sellers to finance buyers without some federal mortgage rules. The bill would carve out licensing and mortgage-originator tests for small owner-financers and require HUD and the Treasury to study owner-financing practices.

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  • Families and buyers: Would expand pathways for buyers who lack traditional bank loans to purchase homes through seller financing and could support home values, neighborhood stabilization, and family wealth creation.
  • Small seller‑financers: Would exempt qualifying small owners from the SAFE Mortgage Licensing Act and from the Truth in Lending Act mortgage-originator definition when they meet conditions such as a cap of 24 properties financed in a 12‑month period, ownership of each property, and limits on amortization, payment ability, and interest terms. A parallel exemption would apply to manufactured‑home financing.
  • HUD and Treasury: Would require a targeted study and report to quantify the scale, viability, and potential benefits of owner financing to inform future policy.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Easier owner-financing rules for sellers

If enacted, the bill would exempt small sellers who finance home sales from some federal mortgage licensing rules. You would qualify if you make 24 or fewer owner-financed loans in a 12-month period and are not a bank. Each loan must be secured by property you own and be fully amortizing. For the Truth in Lending rules, rates must be fixed or not change for at least five years. Sellers must also document a good-faith determination of the buyer's ability to pay. The exclusion also covers many manufactured-home loans, with similar limits, and would take effect on enactment.

Sponsors & CoSponsors

Sponsor

Barr, Andy [R-KY-6]

KY • R

Cosponsors

  • Rep. Gonzalez, Vicente [D-TX-34]

    TX • D

    Sponsored 12/9/2025

  • Rep. Alford, Mark [R-MO-4]

    MO • R

    Sponsored 1/21/2026

  • Rep. Webster, Daniel [R-FL-11]

    FL • R

    Sponsored 2/10/2026

  • Rep. Houchin, Erin [R-IN-9]

    IN • R

    Sponsored 2/10/2026

Roll Call Votes

No roll call votes available for this bill.

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