The Affordable Homeownership Access Act aims to exempt small-scale owner financers from specific federal mortgage loan originator licensing and registration requirements. Congress finds that owner financing helps underserved buyers who cannot obtain traditional bank loans, thereby benefiting home values, neighborhood stabilization, and family wealth creation through increased homeownership. This legislation specifically excludes transactions like Contracts for Deed, Lease Options, or Rent to Own agreements from its provisions. Under the S.A.F.E. Mortgage Licensing Act, the bill exempts persons, other than depository institutions, who extend credit for no more than 24 residential mortgage loans in a 12-month period, provided they own the property. Similarly, amendments to the Truth in Lending Act exclude such owner financers from the definition of a mortgage originator if they provide financing for up to 24 properties they own within a year. These exempted loans must meet several criteria: they must be fully amortizing , the owner must determine and document the buyer's reasonable ability to pay , and the loan must have a fixed rate or an adjustable rate that adjusts only after five or more years with reasonable limitations. A separate exclusion is provided for owner-financed manufactured homes under similar conditions. Finally, the Act mandates a joint study by the Secretary of Housing and Urban Development and the Secretary of the Treasury. This study will examine the prevalence of owner financing for lower-value homes, the impact of current mortgage broker rules on such sales, and the potential benefits of increased owner financing on home values and wealth creation. A report detailing these findings and historical data on owner financing transactions is due within one year of the Act's enactment.