S. 2572 · 116th Congress
FHA Loan Affordability Act of 2019
- Stage
- In committee
- Sponsor
- Jeanne Shaheen
- Introduced
- 2019-09-26
- Latest action
- 2019-09-26 · Introduced in Senate
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.