Fair Access to Co-ops for Veterans Act of 2025

This bill helps veterans use VA home loans to buy homes in housing cooperatives (“co‑ops”). It makes this option permanent by removing a past time limit, and it says co‑op shares that let you live in a unit count as “residential property” for VA loans . The Department of Veterans Affairs (VA) must set clear rules for these loans—like how lenders approve them, what project standards apply, which shares qualify, and how to value them—using Fannie Mae’s co‑op standards where suitable.

There is an added cost for these co‑op loans: on top of the normal VA funding fee, borrowers pay an extra 3.25% of the loan amount (or, for an assumption, of the unpaid balance). The VA must advertise this option and notify veterans, lenders, and realtors about how it works. Actual guarantees for co‑op loans begin after the VA issues its rules, though the VA can issue guidance and start outreach sooner.

• Who is affected: Veterans using VA home loans; participating lenders; realtors.
• What changes: Co‑op shares are treated like homes for VA loans; VA can guarantee co‑op purchase loans; extra 3.25% funding fee; VA must set rules and advertise the program .
• When: After the VA issues regulations for these loans; the VA can provide guidance and outreach before full rules are finalized; the prior five‑year limit is removed .