A bill to mandate the Secretary of Housing and Urban Development to make assumable certain mortgages and loans insured by the Secretary under titles I and II of the National Housing Act.

Amends the National Housing Act to direct the Secretary of Housing and Urban Development to provide that certain mortgages and loans insured under such Act shall be assumable by any person who: (1) is creditworthy and financially capable of carrying out the obligations under the mortgage; and (2) meets the eligibility requirements applicable, at the time of the assumption, to the applicable mortgage insurance program.