First Time Buyer Closing Cost Guarantee

Ensures that every qualified first-time homebuyer in America can afford to close on their first home by providing a federal guarantee that covers standard closing costs.

- Charge a 2% fee on investor purchases, with proceeds flowing into a first-time homebuyer fund (“investment ladder”)

- Eligible first-time buyers receive up to $10,000 toward closing costs, title fees, inspections, and related expenses.

- Cities and states can match federal funds for additional coverage or rate-buy-downs.