Homeownership Eligibility Reform Act
To restrict the eligibility of mortgagors to citizens of the United States with respect to mortgage insurance provided by the Federal Housing Administration and the purchase and securitization of mortgages by Fannie Mae and Freddie Mac.
HB9514, also known as the Homeownership Eligibility Reform Act, seeks to change the criteria for who can get a mortgage through the Federal Housing Administration, as well as for mortgages purchased by Fannie Mae and Freddie Mac. Specifically, it aims to limit eligibility to U.S. citizens only. This bill was introduced on June 29, 2026, and is currently under review by the House Committee on Financial Services.
If passed, this bill would impact individuals looking to buy homes by making it harder for non-citizens to qualify for certain types of mortgage insurance and home loans. This change could potentially reduce the number of people who can afford to buy homes, particularly affecting non-citizens who might otherwise have access to these financial products.
As of the latest update, HB9514 has been introduced and referred to the House Committee on Financial Services. It has not yet advanced further in the legislative process, and no further actions have been taken. Citizens interested in this bill should keep an eye on updates from their representatives and the committee.
