Housing Financial Literacy Act of 2025 offers discounts on mortgage insurance premiums for first-time homebuyers completing a financial literacy.
The Housing Financial Literacy Act of 2025 requires the Secretary of Housing and Urban Development to reduce Federal Housing Administration single-family mortgage insurance premium payments for first-time homebuyers who finish a financial literacy housing counseling program. This discount applies to the premium payment amount, which is set by the Secretary under the National Housing Act. The program must be completed before the mortgagor signs a mortgage application or sales agreement.
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