# 119-hr-892: Mortgage Rate Reduction Act

119-hr-892, Mortgage Rate Reduction Act, is a 119th Congress bill sponsored by Rep. Ryan, Patrick [D-NY-18] (D-NY); status in_committee; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-hr-892
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-892
- Congress: 119
- Title: Mortgage Rate Reduction Act
- Status: in_committee
- Introduced: 2025-01-31
- Sponsor: Rep. Ryan, Patrick [D-NY-18] (D-NY)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Federal guarantee of certain second mortgages** and public mortgage lists would make it easier for buyers to assume existing government-backed first mortgages backed by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), or the Department of Agriculture (USDA). - Buyers and families: Would enable a buyer to assume an existing FHA, VA, or USDA first mortgage by taking out a federally insured or guaranteed second mortgage, helping preserve a low-rate first loan. - Homeowners selling a property: Could make homes with government-backed first mortgages easier to sell because a buyer could assume that first mortgage with a second lien. - Agencies and the public: FHA, VA, and USDA would be required to publish public online lists within 1 year of enactment showing each insured or guaranteed property’s address and the loan origination date.

## Provisions PRIA read

- FHA homeowners could add second mortgages: benefit, medium. If you have an FHA‑insured first mortgage, you could add a second mortgage that FHA would insure. The second lien would need to be a common type allowed under your state’s laws. This could help you get extra home financing or help a buyer assume your existing first loan. The change would take effec…
- Stricter rules for VA second liens: cost, low. For VA home loans, a second lien would be allowed only if VA insures or guarantees the first lien. This would limit when veterans can use second‑lien financing with VA loans. The change would take effect upon enactment.

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4393: DIGNIDAD (Dignity) Act of 2025
- 119-hr-7973: Momnibus Act
- 119-hr-5356: National Infrastructure Bank Act of 2025
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-51: Washington, D.C. Admission Act

## Sources
- [119-hr-892 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/892)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4393: DIGNIDAD (Dignity) Act of 2025](https://policyrisk.com/legislation/119-hr-4393)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-5356: National Infrastructure Bank Act of 2025](https://policyrisk.com/legislation/119-hr-5356)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-892 (as of 2025-12-21).