First-time homebuyers would get a discount on FHA mortgage insurance if they complete financial counseling.
First-time homebuyers would pay less for FHA mortgage insurance if they complete a financial literacy housing counseling program. This bill would require the Department of Housing and Urban Development to offer a discount on these insurance payments. It aims to help people save money on their home loans while encouraging financial education.
Today, first-time homebuyers pay the FHA single-family mortgage insurance premium set by the Secretary, which cannot exceed 2.75% of the original loan amount, with no specific discount for financial counseling. If this bill passes, first-time homebuyers who complete a financial literacy housing counseling program before applying for a mortgage would get their premium payments reduced by 25 basis points (0.25%) from the Secretary's established rate.
HR 6125 · 119th Congress · November 19, 2025 · AI Summary by gemini-2.5-flash · 9/10
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