Appraisal Industry Improvement Act

119th Congress Introduced by Byron Donalds and 1 co-sponsor

HR 6025 allows State-licensed appraisers to conduct FHA mortgage appraisals, increasing efficiency and access while ensuring compliance with education standards.

Introduced in House

Summary of HR 6025

Bill Number: HR 6025
Title: To amend the National Housing Act to authorize State-licensed appraisers to conduct appraisals in connection with mortgages insured by the FHA and to ensure compliance with the existing appraiser education and competency requirements, and for other purposes.
Status: Introduced in House
Introduced Date: November 12, 2025
Classification: Bill

Purpose and Intent

The primary purpose of HR 6025 is to amend the National Housing Act to expand the pool of qualified appraisers who can conduct appraisals for mortgages insured by the Federal Housing Administration (FHA). This legislation aims to enhance the efficiency and accessibility of the appraisal process while ensuring that appraisals meet established education and competency standards.

Key Provisions

Authorization of State-Licensed Appraisers:
The bill allows State-licensed appraisers to perform appraisals for FHA-insured mortgages. This change is intended to increase the number of available appraisers, particularly in areas where there may be a shortage of federally certified appraisers.

Compliance with Education and Competency Requirements:
HR 6025 mandates that all appraisers conducting FHA-related appraisals must comply with existing education and competency requirements. This provision ensures that appraisals are conducted by qualified professionals, maintaining the integrity of the appraisal process.

Additional Provisions:
The bill may include further provisions aimed at improving the appraisal process, although specific details on these additional measures are not outlined in the current summary.

Impact

Who Will Be Affected:

Appraisers: State-licensed appraisers will gain the ability to conduct FHA appraisals, potentially increasing their business opportunities.
Homebuyers: The bill may facilitate a more efficient appraisal process, potentially leading to quicker mortgage approvals for homebuyers seeking FHA-insured loans.
FHA: The FHA may benefit from a broader network of appraisers, which could enhance the overall efficiency of its operations.

Potential Benefits:

Increased availability of appraisers in underserved areas.
Reduced waiting times for appraisals, which can expedite the home buying process.
Assurance that appraisals meet necessary educational and competency standards, thereby protecting the interests of both lenders and borrowers.

Procedural Aspects

Legislative Actions:

On November 12, 2025, HR 6025 was introduced in the House and subsequently referred to the House Committee on Financial Services for further consideration.

This summary provides an overview of HR 6025, highlighting its purpose, key provisions, and potential impacts on various stakeholders involved in the FHA mortgage process. Further developments will depend on the legislative process and discussions within the House Committee.