119 HR 9514 IH: Homeownership Eligibility Reform Act U.S. House of Representatives 2026-06-29 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
I119th CONGRESS2d SessionH. R. 9514IN THE HOUSE OF REPRESENTATIVESJune 29, 2026Mr. Gill of Texas (for himself, Mr. Bilirakis, Mr. Perry, Mr. Moore of Alabama, Ms. Mace, Mr. Cloud, Mr. Moore of West Virginia, Mr. Fuller, Mr. Gosar, Mr. Jackson of Texas, Mr. Fine, Mr. Clyde, and Mr. Crane) introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo 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.
1.
Short title
This Act may be cited as the Homeownership Eligibility Reform Act.
2.
Eligibility of mortgagors for FHA mortgage insurance
Section 203(b)(8) of the National Housing Act (12 U.S.C. 1709(b)(8)) is amended to read as follows: (8)Is executed by a mortgagor who is a citizen of the United States. .
3.
Eligibility of mortgagors with respect to purchase and securitization by Fannie Mae and Freddie Mac
(a)
Requirement for Fannie Mae
Section 302 of the Federal National Mortgage Association Charter Act (12 U.S.C. 1717) is amended in subsection (b)(2), by inserting after the second sentence the following: No such purchase of a conventional mortgage secured by a property comprising one- to four-family dwelling unit shall be made if the mortgagor is not a citizen of the United States.. (b)
Requirement for Freddie Mac
Section 305 of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454) is amended in subsection (a)(2) by inserting after the first sentence the following: No such purchase of a conventional mortgage secured by a property comprising one- to four-family dwelling unit shall be made if the mortgagor is not a citizen of the United States..