U.S. Congress legislation · 119th Congress
HB10084: First Time Homebuyer Debt Reduction Act
Status: In committee, August 13, 2026
To require that certain payments to Federal student loans to the buyer of a home be classified as a financial concession by the Federal National Mortgage Association and the Federal Home Loan Mortgage Association.
What the bill says
To require that certain payments to Federal student loans to the buyer of a home be classified as a financial concession by the Federal National Mortgage Association and the Federal Home Loan Mortgage Association.
From the introduced text, August 13, 2026:
A BILL To require that certain payments to Federal student loans to the buyer of a home be classified as a financial concession by the Federal National Mortgage Association and the Federal Home Loan Mortgage Association. SECTION 1. Short title This Act may be cited as the First Time Homebuyer Debt Reduction Act . SECTION 2. Classification of student loan payment as a financial concession (a) In general Not later than 30 days after the enactment of this Act, the Director of the Federal Housing Finance Agency shall require the enterprises to classify a covered payment as a financial concession with respect to an interested party contribution in the sale of a home, subject to the limitation described in subsection (b). (b) Limitation A portion of a covered payment that is in excess of $25,000 shall be classified as a sales concession. (c) Definitions In this and (B) the Federal Home Loan Mortgage Association. (2) Covered payment The term covered payment means a payment towards a student loan, as defined in Title IV of the Higher Education Act, by an interested party to the buyer of a home. (3) Home Newly constructed principal residence of the buyer of a home.
Sponsors
- Jeff Crank (R, HD-005) · primary sponsor
Latest actions
- : Referred to the House Committee on Financial Services.
- : Introduced in House
Subjects: Finance and Financial Sector
Common questions
- What is HB10084?
- HB10084 is a bill in Congress (119th Congress): First Time Homebuyer Debt Reduction Act.
- What does HB10084 do?
- In its own words: To require that certain payments to Federal student loans to the buyer of a home be classified as a financial concession by the Federal National Mortgage Association and the Federal Home Loan Mortgage Association.
- What is the status of HB10084?
- In committee as of August 13, 2026. Latest action: Referred to the House Committee on Financial Services. (August 13, 2026).
- Who sponsored HB10084?
- Jeff Crank (R, HD-005).
- Where is the official record for HB10084?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10084
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.