Housing Financial Literacy Act of 2026
The Housing Financial Literacy Act of 2026 offers a financial incentive for first-time homebuyers by reducing their mortgage insurance premiums. To qualify for this discount, applicants must complete a financial literacy housing counseling program before signing their mortgage application or sales agreement. The bill lowers the premium rate by 25 basis points compared to the standard amount set by the Secretary, provided the counseling is finished prior to the mortgage signing. This policy directly affects individuals purchasing their first home who participate in the required educational program.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2026
Committee Review
Floor Vote
President
Introduced Jun 23, 2026
Last action Jun 23, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 23, 2026
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Jun 23, 2026
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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