First Time Homebuyer Debt Reduction Act
The source supplies the latest action, but no lifecycle stage.
Latest action (13 Aug 2026): Referred to the House Committee on Financial Services.
What this bill does
This bill, H.R. 10084, the "First Time Homebuyer Debt Reduction Act," would require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Association (Freddie Mac) to treat certain payments made towards a buyer's federal student loans as a financial concession when that buyer purchases a newly constructed primary residence. However, any portion of a student loan payment exceeding $25,000 would be classified as a sales concession instead.
This legislation primarily affects first-time homebuyers who receive assistance with their federal student loan payments as part of a home purchase. It also impacts Fannie Mae and Freddie Mac, two government-sponsored enterprises involved in the mortgage market. The bill aims to change how these payments are accounted for in the home buying process.
H.R. 10084 was introduced in the House of Representatives on August 13, 2026, and has been referred to the Committee on Financial Services. As it has only been introduced, it has not yet been voted on by the full House or the Senate, and therefore has not become law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
13 Aug 2026
Referred to the House Committee on Financial Services.
Common questions
- What does H.R. 10084 do?
- This bill, H.R. 10084, the "First Time Homebuyer Debt Reduction Act," would require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Association (Freddie Mac) to treat certain payments made towards a buyer's federal student loans as a financial concession when that buyer purchases a newly constructed primary residence. However, any portion of a student loan payment exceeding $25,000 would be classified as a sales concession instead. This legislation primarily affects first-time homebuyers who receive assistance with their federal student loan payments as part of a home purchase. It also impacts Fannie Mae and Freddie Mac, two government-sponsored enterprises involved in the mortgage market. The bill aims to change how these payments are accounted for in the home buying process. H.R. 10084 was introduced in the House of Representatives on August 13, 2026, and has been referred to the Committee on Financial Services. As it has only been introduced, it has not yet been voted on by the full House or the Senate, and therefore has not become law.
- Has H.R. 10084 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10084. Check the latest action and official source below.
- Who sponsored H.R. 10084?
- H.R. 10084 was sponsored by Rep. Crank, Jeff [R-CO-5] (R-CO), with 0 cosponsors.
- What's the latest action on H.R. 10084?
- Referred to the House Committee on Financial Services. (13 Aug 2026).
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