June 29, 2026
Mr. 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 Services
To 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.
Section 1. Short title
This Act may be cited as the Homeownership Eligibility Reform Act
.
Sec. 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.
Sec. 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.
.