FHA Loan Affordability Act of 2019

United States116th CongressS-2572Senate
Updated: Sep 26, 2019

Summary

FHA Loan Affordability Act of 2019 This bill requires Federal Housing Administration mortgage borrowers to pay mortgage insurance premiums only when their remaining principal balance exceeds 78% or more of the home value or sales price.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-3141: FHA Loan Affordability Act of 2019

Placed on the Union Calendar, Calendar No. 227.

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Senate

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