We have received text from S. 2719: Low-Income First-Time Homebuyers Act of 2025. This bill was received on 2025-09-04, and currently has 3 cosponsors.
Here is a short summary of the bill:
This bill, known as the Low-Income First-Time Homebuyers Act of 2025, aims to assist low- and moderate-income individuals who are first-time and first-generation homebuyers in obtaining affordable and sustainable home loans. Here is a summary of the key components of the proposed legislation:
Wealth-Building Home Loan Program
The bill establishes a fund called the LIFT HOME Fund within each Loan Guarantee Agency. This fund will be used for creating a program that makes mortgage loans accessible to eligible homebuyers.
Use of Funds
The funds will be managed by the respective Secretaries of the Loan Guarantee Agencies. Funding allocation includes:
- Transfer of amounts to the Treasury to facilitate the purchase of securities tied to home loans.
- Covering costs associated with guaranteed loans, including any necessary modifications.
Covered Mortgage Loans
The program will provide specifically defined "covered mortgage loans," which must:
- Be insured or guaranteed by the Federal Housing Administration (FHA) or the Department of Agriculture for specific terms.
- Have an interest rate fixed over the life of the loan.
- Be secured against single-family residences that serve as the principal homes for eligible borrowers.
Eligibility Criteria
To qualify for the program, homebuyers must meet the following criteria:
- Be classified as a first-time homebuyer, meaning they have not owned a home in the past (with some exceptions for heirs).
- Be classified as a first-generation homebuyer, meaning that their parents or legal guardians do not currently own a home.
- Have a household income that falls below specified limits, generally not exceeding 120% of the area's median income or, in high-cost areas, 140%.
Operational Framework
The program will feature:
- Outreach programs to ensure potential participants are aware of available resources.
- Support for the sale of mortgage-backed securities to maintain liquidity and expand participation in the program.
- Authority for several departments and agencies to administer the program efficiently.
Regulatory and Administrative Guidelines
The administration of this program will be guided by specific regulations issued by the Secretaries of Housing and Urban Development, Agriculture, and the Treasury, ensuring compliance and efficient progress in all activities related to the program.
Funding Authorization
The bill authorizes the appropriation of necessary funds to support the LIFT HOME Program, establishing a financial basis to implement its provisions effectively.
Reliance on Borrower Attestations
No extra documentation is needed beyond the borrower's attestation to demonstrate eligibility. Good-faith reliance on these attestations will protect involved entities from liability issues, provided they follow proper procedures.
Relevant Companies
- BRK.A - Berkshire Hathaway Inc. could be impacted through its subsidiaries involved in real estate and mortgage financing.
- JPM - JPMorgan Chase & Co. may see changes in demand for home loans and mortgage-backed securities given their involvement in these areas.
- PNC - PNC Financial Services may experience increased mortgage originations from the eligibility expansion for first-time homebuyers.
Senator Mark R. Warner Bill Proposals
Here are some bills which have recently been proposed by Senator Mark R. Warner:
- S.2720: Yes in God's Backyard Act
- S.2719: LIFT Homebuyers Act of 2025
- S.2718: A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to provide for capitalization assistance to enhance liquidity.
- S.2594: IEIS Act
- S.2492: Fiscal Contingency Preparedness Act
- S.2304: Methane Reduction and Economic Growth Act
You can track bills proposed by Senator Mark R. Warner on Quiver Quantitative's politician page for Warner.
Senator Mark R. Warner Net Worth
Quiver Quantitative estimates that Senator Mark R. Warner is worth $199.6M, as of September 11th, 2025. This is the 9th highest net worth in Congress, per our live estimates.
Warner has approximately $100.1M invested in publicly traded assets which Quiver is able to track live.
You can track Senator Mark R. Warner's net worth on Quiver Quantitative's politician page for Warner.
Senator Mark R. Warner Stock Trading
We have data on up to $97.9M of trades from Senator Mark R. Warner, which we parsed from STOCK Act filings. Some of the largest trades include:
- A February 19th, 2019 sale of up to $5M of $CHTR. The stock has fallen 24.52% since then.
- A October 18th, 2017 sale of up to $5M of $XON. The stock has fallen 74.51% since then.
- A February 19th, 2019 sale of up to $1M of $ZAYO. The stock has risen 37.49% since then.
- A November 6th, 2017 sale of up to $1M of $HALO. The stock has risen 345.62% since then.
- A October 18th, 2017 sale of up to $500K of $ZIOP. The stock has fallen 84.94% since then.
You can track Senator Mark R. Warner's stock trading on Quiver Quantitative's politician page for Warner.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
