New pilot program would help people get home loans of $100,000 or less.
This bill would let the Department of Housing and Urban Development (HUD) start a pilot program to make it easier for people to get small home loans. The program could offer grants to help homebuyers with costs like down payments and closing fees. It would also encourage lenders to provide more mortgages with an original principal balance of $100,000 or less.
Today, there is no specific pilot program through the Federal Housing Administration (FHA) aimed at increasing access to small home loans. After this bill, the Department of Housing and Urban Development (HUD) would be able to start a pilot program to help people get mortgages with an original principal balance of $100,000 or less. This program could offer direct grants to homebuyers for costs like down payments and closing fees, and provide incentives to lenders.
HR 6774 · 119th Congress · December 17, 2025 · AI Summary by gemini-2.5-flash · 10/10
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