# 119-hr-6774: FHA Small-Dollar Mortgages Act

119-hr-6774, FHA Small-Dollar Mortgages Act, is a 119th Congress bill sponsored by Rep. Waters, Maxine [D-CA-43] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-09-11).

- Canonical: https://policyrisk.com/legislation/119-hr-6774
- As of: 2026-09-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-6774
- Congress: 119
- Title: FHA Small-Dollar Mortgages Act
- Status: introduced
- Introduced: 2025-12-17
- Sponsor: Rep. Waters, Maxine [D-CA-43] (D-CA)
- Cosponsors: 1
- Policy area: Housing and Community Development
- Touches household money: yes
- Last recorded action: 2026-09-11

## Summary

**Expand access to small-dollar mortgages.** The bill would authorize the Secretary of Housing and Urban Development, through the Federal Housing Commissioner, to create a pilot within one year to increase availability of mortgages with original principal balances of $100,000 or less that are secured by 1- to 4-unit owner-occupied homes. - Homebuyers: Could receive direct grants to cover down payments, closing costs, appraisals, and title insurance when they obtain a small-dollar mortgage. - Lenders: Could get direct payments and technical assistance to encourage origination of small-dollar mortgages, and the Federal Housing Administration could adjust terms or fees to lower lenders' costs. - HUD and oversight: HUD would have to submit annual reports tracking loan outcomes, risks to the Mutual Mortgage Insurance Fund, 10-year originations data, and regional analyses. The pilot would terminate 4 years after it starts and no new small-dollar mortgage pilots could be established after a 3-year post-enactment window.

## Cosponsors (1)

- Rep. Bera, Ami [D-CA-6] (D-CA), 2026-03-18T00:00:00.000Z

## Provisions PRIA read

- Pilot to expand small-dollar mortgages: benefit, medium. If enacted, HUD would have to set up a pilot within one year to increase access to small-dollar mortgages. The pilot could pay lenders, change FHA terms and costs, and give grants to buyers for down payments, closing costs, appraisals, and title insurance. HUD would also be able to do outreach and…
- Ban on new small-dollar pilots: cost, low. If enacted, after the three-year period starting on the date of enactment HUD and the FHA Commissioner would be barred from newly establishing any small-dollar mortgage pilot programs. This restriction would take effect once that three-year window ends.

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act
- 119-hr-6771: Housing Crisis Response Act of 2025
- 119-hr-7977: Energy Bills Relief Act

## Sources
- [119-hr-6774 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/6774)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-6771: Housing Crisis Response Act of 2025](https://policyrisk.com/legislation/119-hr-6771)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-6774 (as of 2026-09-11).