Homebuyers with limited credit history would get new options for FHA loans.
This bill would let people applying for FHA home loans choose to have their creditworthiness reviewed using more types of financial information. This could help those with little traditional credit history get approved for a mortgage. It updates an existing pilot program to make these new options available and requires reports on its success.
Today, an existing pilot program allows for alternative credit information for FHA-insured mortgages. This bill would update that program, renaming it and specifically focusing on "additional" credit data. It would also reset the program's duration for another 5 years. New rules would be required for how credit models are chosen, how homebuyers are informed, and how the program's results are reported to Congress and the public.
HR 8318 · 119th Congress · April 16, 2026 · AI Summary by gemini-2.5-flash · 8/10
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