H.R.3861: Making FHA Work for Borrowers with Student Debt Act of 2021

About This Bill

  • Introduced June 14, 2021
  • Latest Major Action June 14, 2021

Bill Version

Bill Summary

Making FHA Work for Borrowers with Student Debt Act of 2021 This bill requires the Federal Housing Administration (FHA) to modify its treatment of student loan debt for purposes of determining eligibility for federally insured mortgages for single-family homes. Specifically, the FHA must calculate a borrower's student loan debt obligation as the monthly payment required in connection with the loan or, if no monthly payment is required, 0.5%...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.3861.

Bill Actions

Date Description
June 14, 2021
Referred to the House Committee on Financial Services.
June 14, 2021

Introduced in the House by Gregory W. Meeks (D-N.Y.)

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