Bill · S. 2719· Senate(119-S-2719)
LIFT Homebuyers Act of 2025
- Introduced
- 9/4/2025
- Last activity
- 9/4/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Mark Warner
- Cosponsors
- - 3 - 0
- Introduced
- In Committee
What this bill would do
The LIFT Homebuyers Act of 2025 aims to establish a program providing low- and moderate-income first-time, first-generation homebuyers with access to affordable, sustainable wealth-building home loans. It creates the LIFT HOME Fund within various Loan Guarantee Agencies to support these mortgage loans. The program involves the Secretary of the Treasury purchasing securities backed by these mortgage loans. The initiative targets specific eligible homebuyers, including those who are first-generation and first-time buyers. Implementation involves coordination between the Secretaries of Housing and Urban Development, Agriculture, and the Treasury.
Yes· 3 of 9
Would households on low incomes be better off under this?+8
The bill establishes mortgage programs specifically for those with household incomes at or below certain median income thresholds.
Does this make housing cost less?+8
The bill creates a dedicated fund and program to provide affordable, wealth-building mortgages specifically for first-time and first-generation homebuyers.
Would people in their twenties and thirties be better off under this?+5
First-time homebuyers are often younger adults, and this program provides them with a path to homeownership.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Access to affordable housing for specific groups: The bill establishes a program specifically for low- and moderate-income, first-time, and first-generation homebuyers to access wealth-building loans (Section 2(a)).
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Predictable monthly payments: The bill directs Secretaries to establish pricing terms so that monthly mortgage payments for principal and interest are between 100 percent and 110 percent of the payment associated with a newly originated 30-year mortgage loan (Section 2(c)(2)(A)).
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Support for first-generation homebuyers: The program defines a first-generation homebuyer to include individuals whose parents or legal guardians do not have a principal residence ownership interest, or those who have been in foster or institutional care (Section 2(d)(5)).
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Easier eligibility verification: The bill states that no additional documentation beyond a borrower's own attestation shall be required to demonstrate eligibility (Section 2(e)).
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Increased awareness: The bill requires Secretaries to establish an outreach and counseling program to increase stakeholder awareness of the Program (Section 2(c)(2)(B)).
Potential Negative Impacts for People
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Limited term of loans: For certain programs, the "covered mortgage loan" is defined as having an original term of 20 years (Section 2(d)(2)(A)(ii) and (B)(i)).
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Potential for higher costs through caps: While the bill sets mortgage insurance premium or loan guarantee fee caps at 4 percent, it allows Secretaries to waive these caps if necessary to protect the solvency of the insurance fund (Section 2(d)(2)(C)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+8Good For Young Adults+5Good For Middle Class Households+3Good For Hispanic Americans+2
- Social Issues And Justice
- Improves Affordable Housing+8Improves Poverty Reduction+5
- Economy And Finance
- Improves Economic Growth+3Increases Job Creation+2
- Environment Energy And Infrastructure
- Improves Rural Development+4
- 9/4/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 3 Cosponsors added.
- Introduced in Senate
Timothy KaineDemocrat · Virginia
Andy KimDemocrat · New Jersey
Chris Van HollenDemocrat · Maryland