Congress Proposes Doubling VA Home Loan Guarantees for Disabled Veterans
Disabled veterans looking to become homeowners would have an easier path to buying a home. The increased guarantee reduces lender risk and could translate into more favorable loan terms, potentially helping disabled veterans compete in tight housing markets where they might otherwise be priced out.
Referred to the House Committee on Veterans' Affairs.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
The House Committee on Veterans' Affairs postponed a markup of legislation that would increase mortgage fees to fund expanded benefits. The delay follows concerns from the Community Home Lenders of America regarding the impact on veteran homeownership and the use of fees as budget offsets.
The House Committee on Veterans' Affairs Subcommittee on Economic Opportunity held a legislative hearing on several bills, including a discussion draft of the Affordable Housing Guarantee Act, which seeks to modify the maximum guaranty amount of certain VA-backed home loans.
Document Type
Congressional Bill
Official Title
Affordable Housing Guarantee Act
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