This bill authorizes the Secretary of Housing and Urban Development, through the Federal Housing Commissioner, to establish a pilot program designed to increase access to small-dollar mortgages . This program aims to support borrowers seeking mortgages with an original principal balance of $100,000 or less for their primary residence. The pilot program includes several key provisions to achieve its goal. It may authorize direct payments to mortgagees to incentivize the origination of these loans and adjust Federal Housing Administration terms and costs. Additionally, it can provide direct grants to mortgagors to cover associated expenses such as down payments, closing costs, appraisals, and title insurance. The bill also mandates annual reports to Congress, beginning one year after the program's establishment. These reports will track and evaluate the outcomes of small-dollar mortgages, analyze risks to the Mutual Mortgage Insurance Fund, and provide detailed data on origination trends and borrower demographics. The pilot program is set to terminate four years after its establishment, with the authority to create new programs expiring three years after the bill's enactment.