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HR10524119th CongressWALLET

HELPER Plus Act

Sponsored By: Representative Mackenzie, Ryan [R-PA-7]

Introduced

Summary

Would create a targeted FHA mortgage-insurance program to let eligible first responders and related frontline workers buy a primary home with no down payment (up to 100% loan-to-value).

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  • Families and first-time buyers in covered jobs could purchase a 1-family or permanently sited manufactured home as a principal residence with no cash down and financing up to 100% of the appraised value.
  • Workers: eligibility is limited to first responders, 911 call center operators/dispatchers, child care workers, corrections officers/prison guards, and certain teachers; applicants must be first-time buyers, complete housing counseling, attest to employment, show 4 of the last 5 years in the job (or have an occupation-connected disability), be in good standing, and intend to continue at least 1 year.
  • Program mechanics: the Secretary would set underwriting and actuarial controls to protect the Mutual Mortgage Insurance Fund, require an up-front insurance premium (which may exceed 3% and be adjusted) and eliminate monthly insurance premiums, and the authority to insure new mortgages would expire five years after insurance first becomes available.

*Authorizes $660,000 for fiscal year 2026 and $160,000 each year for fiscal years 2027–2032 to launch the program, with a five-year sunset on new commitments.*

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Bill Overview

Analyzed Economic Effects

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

No-down-payment FHA loans for first responders

If enacted, the bill would create an FHA mortgage program for first-time buyers who are first responders, 911 dispatchers, corrections officers, teachers, or child care workers. The Secretary would be able to insure loans up to 100% of appraised value so no cash down payment would be required at closing. Loans in this program would not have a monthly FHA insurance charge, but the Secretary would collect an up-front insurance premium at closing that can exceed 3% and be adjusted over time. Applicants would need HUD-approved housing counseling, to attest to qualifying employment and intent to continue work, and generally to show 4 of the last 5 years of qualifying service (or an occupation-connected disability). Congress would provide $660,000 for 2026 and $160,000 each year 2027-2032 to run the program, and the authority to insure new loans would expire five years after HUD first makes insurance available.

Sponsors & CoSponsors

Sponsor

Mackenzie, Ryan [R-PA-7]

PA • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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