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HR 9514

Homeownership Eligibility Reform Act

119th Congress Introduced by Gus Bilirakis and 13 co-sponsors

HR 9514 would restrict FHA mortgage insurance and Fannie Mae/Freddie Mac purchases/securitizations to U.S. citizens, limiting federal housing access for non-citizens.

Introduced in House
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WeVote Research Nonpartisan
Bill Summary · HR 9514

Overview

HR 9514 (119th Congress) seeks to restrict mortgage insurance eligibility and certain mortgage activities to U.S. citizens. Specifically, the bill would apply eligibility limits to Federal Housing Administration (FHA) mortgage insurance and to the purchase and securitization of mortgages by Fannie Mae and Freddie Mac, basing eligibility on citizenship status.

  • Status: Referred to the House Committee on Financial Services (introduced and referred on 2026-06-29).
  • Introduced by: Sponsored by a bipartisan group of House members (co-sponsors listed).

Purpose and Intent

The primary aim of HR 9514 is to limit participation in federal housing programs and federal mortgage market activities to United States citizens. By restricting eligibility criteria, the bill intends to:

  • Restrict FHA mortgage insurance to citizens (and potentially disallow non-citizens from obtaining FHA-backed mortgages marked for insurance).
  • Limit or condition the purchase and securitization of mortgages by Fannie Mae and Freddie Mac to U.S. citizens, thereby shaping the composition of mortgages that enter the secondary mortgage market.

These changes would represent a shift in eligibility standards for federal housing programs and for the government-sponsored enterprises (GSEs) involved in mortgage finance.

Key Provisions (as described in the bill’s title and summary)

  • FHA Mortgage Insurance Eligibility: Establish a citizenship-based restriction for individuals seeking FHA mortgage insurance. Non-citizens could be disadvantaged or excluded from obtaining FHA-insured loans, depending on how the provision is implemented (the bill’s language would determine whether exceptions exist, such as lawful permanent residents or other statuses).
  • Fannie Mae & Freddie Mac Purchases and Securitization: Require that mortgages purchased, securitized, or otherwise handled by Fannie Mae and Freddie Mac meet citizenship criteria (i.e., only citizens would be eligible for these activities under the bill’s framework). This could affect the pipeline of loans that enter the GSEs’ portfolios and securitization programs.

Who Would Be Affected

  • Borrowers: Non-citizens seeking FHA-insured loans or mortgages that would eventually be purchased or securitized by the GSEs could face reduced access to federally backed financing.
  • Lenders: Mortgage lenders that rely on FHA insurance or access to the GSEs’ purchase/securitization channels may need to adjust underwriting practices and eligibility determinations.
  • FHA, Fannie Mae, and Freddie Mac: The programs and activities of these federal housing entities would be subject to new citizenship-based eligibility constraints, potentially altering risk pools, loan products, and portfolios.
  • Broad Housing Market: Impacts could extend to housing affordability and access for immigrant communities, depending on the scope and interpretation of the citizenship criteria.

Procedural and Timeline Aspects

  • Introduction and Referral: Introduced in the House and referred to the Committee on Financial Services (June 29, 2026).
  • Next Steps in Process: As with typical House bills, the committee would hold hearings, markup the bill, and, if reported, move to the full House for consideration. The bill would then proceed to the Senate (if not blocked or amended) and, ultimately, to the President for signature or veto.
  • Implementation Considerations: If enacted, implementing regulations and agency guidance would be required to define eligibility criteria (e.g., what categories of non-citizens are included or excluded, treatment of lawful permanent residents, temporary residents, etc.) and to align FHA and GSE operations accordingly.

Potential Impacts and Considerations

  • Access to Credit: The policy could reduce access to federally backed mortgage financing for non-citizens, affecting immigrant homebuyers and those who rely on FHA or GSE-backed products.
  • Market Dynamics: Changes to eligibility could influence demand for FHA-insured loans and the composition of loans held or securitized by Fannie Mae and Freddie Mac.
  • Legal/Constitutional Considerations: Depending on the specifics, the bill could raise questions about compliance with federal non-discrimination laws and existing immigration and housing policies.

If you’d like, I can extract the exact legislative text to pull out precise definitions (e.g., which categories of citizenship are covered), any exceptions, effective dates, and transition rules once the bill’s text is available.

Compiled from official sources — confirm details with the bill’s official record.

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