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H.R. 858 107th Congress House

FHA Downpayment Simplification Act

Official title: To amend the National Housing Act to simplify the downpayment requirements for FHA mortgage insurance for single family homebuyers.

Introduced: May 21, 2002 See on congress.gov
Housing and Community Development Economics and Public FinanceFederally-guaranteed loansFinance and Financial SectorMortgage guaranty insurance
More subjectsShow fewer subjects
MortgagesSettlement costsSingle family housing
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 9, 2001
Referred to the Subcommittee on Housing and Community Opportunity.
Mar 8, 2001
Sponsor introductory remarks on measure. (CR E329)
Mar 5, 2001
Referred to the House Committee on Financial Services.
Mar 5, 2001
Introduced in House
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 Latest action March 9, 2001

Referred to the Subcommittee on Housing and Community Opportunity.

 Plain-English summary Congressional Research Service
FHA Downpayment Simplification Act - Amends the National Housing Act to revise downpayment requirements for mortgage insurance eligibility.
 Related & companion bills 2
  • HR 3661 Identical bill FHA Downpayment Simplification Act
  • S 2239 FHA Downpayment Simplification Act of 2002
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 6
All 6 Democratic 3
KLECZKA, GERALD
· Jul 15, 2002
Isakson, Johnny
· Jun 17, 2002
 D
Larsen, Rick
Washington · Jun 17, 2002
MCCARTHY, KAREN
· Jun 17, 2002
 D
Sherman, Brad
California · Jun 17, 2002
 D
Bishop, Sanford D.
Georgia · May 21, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 858: FHA Downpayment Simplification Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-858/
MLA
"H.R. 858: FHA Downpayment Simplification Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-858/.
Bluebook (legal)
H.R. 858, 107th Cong. (2026), https://openamerica.io/bill/107-HR-858/.
Markdown link
[H.R. 858: FHA Downpayment Simplification Act](https://openamerica.io/bill/107-HR-858/)
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