S 138 119th Congress Senate In Committee

VA Home Loan Awareness Act of 2025

Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · Jan 16, 2025

View full text on Congress.gov ↗ Policy area: Housing and Community Development

Legislative Summary

VA Home Loan Awareness Act of 2025 This bill requires mortgage lenders to include on the Uniform Residential Loan Application (i.e., Fannie Mae Form 1003 or Freddie Mac Form 65) a notification that applicants with military service may qualify for a Department of Veterans Affairs Home Loan. Not later than 18 months after the enactment of the bill, the Government Accountability Office must study and report on whether at least 80% of lenders using the loan application form have met this requirement.

Source: Congressional Research Service (CRS).

Sponsor
Sen. Sheehy, Tim [R-MT]
Independent · MT
Cosponsors (26)
Sen. Van HollenSen. CruzSen. WarnockSen. BuddSen. WhitehouseSen. BoozmanSen. SandersSen. CramerSen. WelchSen. Schmitt+16 more

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