The bill aims to provide access to small-dollar mortgages for homeowners. It allows the Secretary of Housing and Urban Development to establish a pilot program to incentivize mortgagees to originate small-dollar mortgages, adjust terms and costs, provide grants for down payments and closing costs, conduct outreach, and offer technical assistance. The Federal Housing Commissioner must submit annual reports tracking outcomes, evaluating risks, and including demographic and regional data. The pilot program will terminate 4 years after its establishment, and no new programs may be initiated after 3 years from the bill's enactment. A small-dollar mortgage is defined as having an original principal balance of $100,000 or less and being secured by a 1- to 4-unit principal residence.