Lets small property owners offer home financing without some federal licenses
This bill would make it easier for small property owners to offer financing directly to home buyers. It would exempt them from certain federal mortgage licensing rules if they finance up to 24 properties they own each year. This could help more people, especially those who can't get traditional bank loans, buy a home.
Today, individuals and entities providing owner financing for residential mortgage loans or manufactured homes may be subject to federal loan originator licensing and registration requirements. This bill would create specific exceptions, exempting owner financers who extend credit for not more than 24 residential mortgage loans in a 12-month period on properties they own, and who meet additional criteria regarding loan terms and buyer ability to pay, from these federal requirements.
HR 6511 · 119th Congress · December 9, 2025 · AI Summary by gemini-2.5-flash · 10/10
Sign in to see your representatives' phone numbers
1 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.