A bill to amend the National Housing Act to increase the principal amount for which the Secretary of Housing and Urban Development may provide insurance for mortgages secured by single-family residences.

Amends the National Housing Act to revise the method for determining the maximum principal amount for which the Secretary of Housing and Urban Development may provide insurance for mortgages secured by single-family residences. Permits a ceiling based on 75 percent of the median price of comparable housing in a metropolitan statistical area.