H.R. 10084 — Introduced in House

I 119th CONGRESS 2d Session H. R. 10084 IN THE HOUSE OF REPRESENTATIVES August 13, 2026Mr. Crank introduced the following bill; which was referred to the Committee on Financial Services 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. 1. Short title This Act may be cited as the First Time Homebuyer Debt Reduction Act. 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 Act: (1) Enterprises The term enterprises means— (A) the Federal National Mortgage Association; 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.