LIFT Homebuyers Act of 2025

This bill creates a national program to help low- and moderate-income first-time, first‑generation homebuyers get affordable, sustainable mortgages for a single‑family home they will live in. It sets up special funds at housing agencies and uses the Treasury to buy securities backed by these mortgages so lenders can offer the loans confidently and keep costs stable. Agencies must set loan pricing so the monthly principal-and-interest payment is about the same as a typical new 30‑year government‑backed mortgage (no less than the same amount and no more than 10% higher), and they must run outreach and counseling to spread the word and support buyers. The program can guarantee and securitize these loans through Ginnie Mae, with fees set under current law. It also allows lenders to rely on a borrower’s sworn statement to show they qualify as a first‑generation, first‑time buyer, and protects lenders and states that act in good faith. Congress authorizes whatever funding is needed to run the program.

• Who it’s for: low- and moderate-income people buying their first home and who are first‑generation homebuyers, purchasing a primary residence. Ownership of inherited “heir property” doesn’t count against first‑time status.
• What changes: new “LIFT HOME” funds support loans; Treasury purchases mortgage‑backed securities tied to these loans; agencies set pricing so monthly payments stay close to standard 30‑year loans; lenders can rely on borrower attestations; Ginnie Mae can guarantee related securities.
• When: applies to mortgages with case numbers issued on or before December 31, 2027.

Small summary table:

• Who is affected: Low- and moderate-income first‑time, first‑generation buyers of a primary home; lenders and housing agencies.
• What changes: Affordable loan program with payments targeted near typical 30‑year loans; federal backing and securities purchases; outreach/counseling; reliance on borrower attestations.
• Key date: Mortgages with case numbers issued on or before 12/31/2027.