Congress·In Committee·H.R. 6774

FHA Small-Dollar Mortgages Act

Housing: Small-Dollar Mortgage Pilot Program

7 months ago·View on Congress.gov·Read full text

This bill was recently introduced and is currently being reviewed by the House Committee on Financial Services. It is in the early stages of the legislative process and is considered active. There are no upcoming votes or hearings scheduled at this time.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

While housing affordability is a popular topic, this bill was introduced by a Democratic leader in a Republican-led House without immediate bipartisan cosponsors.

Key Points

This bill creates a four-year test program to help people buy lower-priced homes. It focuses on mortgages for $100,000 or less, which are often hard to get because banks make less money on them compared to larger loans.
To encourage banks to offer these loans, the government would pay lenders directly and provide technical help. This addresses the problem where fixed costs make small loans less profitable for banks to process.
Homebuyers could receive direct grants to help with expensive upfront costs. This money can be used for down payments, closing costs, home appraisals, and title insurance.
The program is aimed at primary residences with one to four units. It also requires the government to track who gets these loans and identify which parts of the country, including rural areas, need them most.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Dec 17, 2025House

Referred to the House Committee on Financial Services.

Dec 17, 2025

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Source Information

Document Type

Congressional Bill

Official Title

FHA Small-Dollar Mortgages Act

Bill NumberHR 6774

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Financial Services.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(1)

D: 1

Analysis generated by AI. Always verify with official sources.