Housing Financial Literacy Act of 2025 offers discounts on mortgage insurance premiums for first-time homebuyers completing financial literacy.
The Housing Financial Literacy Act of 2025 mandates the Secretary of Housing and Urban Development to reduce Federal Housing Administration single-family mortgage insurance premiums for first-time homebuyers who finish a financial literacy housing counseling program. This discount applies before the mortgagor signs a mortgage application or sales agreement. The bill amends the National Housing Act to adjust the premium payment amount accordingly.
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