119th (2025–2027)
H.R. 10084
This bill requires Fannie Mae and Freddie Mac, the two major government-sponsored mortgage companies, to treat payments made by third parties toward a homebuyer's student loans as a financial concession in mortgage transactions. Currently, such payments may count against a buyer's borrowing ability, but this bill would reclassify them to make it easier for first-time homebuyers to qualify for mortgages. The legislation caps this favorable treatment at $25,000 per transaction, with any amount above that threshold classified as a sales concession instead. The Federal Housing Finance Agency must implement these changes within 30 days of the bill's enactment. This change would primarily benefit first-time homebuyers who have student loan debt and receive assistance from family members or other parties to pay down that debt before or during the home purchase process.