Bill > HR6125

This bill, known as the Housing Financial Literacy Act of 2025, requires the Secretary of Housing and Urban Development (HUD) to provide a discount on Federal Housing Administration (FHA) single-family mortgage insurance premiums for first-time homebuyers who complete a financial literacy housing counseling program. Specifically, the bill amends the National Housing Act to mandate that the mortgage insurance premium be 25 basis points (0.25 percentage points) lower than the standard rate, but only if the homebuyer completes the financial literacy program before signing a mortgage application or sales agreement. The goal of this legislation is to incentivize first-time homebuyers to improve their financial knowledge by offering a tangible financial benefit in the form of reduced mortgage insurance costs. By requiring the counseling program to be completed before applying for a mortgage, the bill ensures that homebuyers gain financial education early in the home-buying process, potentially helping them make more informed decisions about homeownership.

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https://www.congress.gov/bill/119th-congress/house-bill/6125/all-info