Senator Adam Schiff (D-CA) is under federal investigation for mortgage fraud related to his Maryland and California homes. Newly released documents show he refinanced both properties in 2020 at unusually low interest rates of about 3 percent, which is below the typical rates for secondary residences. Schiff had claimed both homes as primary residences for over a decade, a practice now scrutinized by the Department of Justice (DOJ).

A grand jury in Maryland is considering whether to indict Schiff on charges including wire fraud, mail fraud, bank fraud, and making false statements to financial institutions, which carry severe penalties. Despite refinancing his Maryland home—which neighbors say he primarily occupies—at the same low rate as his California condo, Schiff only officially designated the Maryland property as a second home in 2020.

By declaring his California condo as his primary residence, Schiff benefited from a significant property tax exemption, saving roughly $7,000. His bank assets have also increased substantially in recent years, reflecting his financial growth.

Schiff, known for leading the first House impeachment inquiry into President Trump, has denied any wrongdoing, calling the investigation politically motivated. Meanwhile, Trump and Republican critics have attacked Schiff’s integrity.

Schiff’s spokesperson defended the mortgage rates, noting Schiff’s legitimate bicoastal work responsibilities and creditworthiness. The controversy follows revelations that Schiff allegedly authorized leaks of classified information during the Russiagate investigation, intensifying political tensions.